0001821534 2025-01-01 2025-12-31 0001821534 2025-06-30 0001821534 us-gaap:CommonClassAMember 2026-03-04 0001821534 us-gaap:CommonClassBMember 2026-03-04 0001821534 exod:RestatedMasterDigitalCurrencyLoanAgreementMember 2025-11-17 0001821534 2025-12-31 0001821534 2024-12-31 0001821534 us-gaap:CommonClassAMember 2025-12-31 0001821534 us-gaap:CommonClassAMember 2024-12-31 0001821534 us-gaap:CommonClassBMember 2025-12-31 0001821534 us-gaap:CommonClassBMember 2024-12-31 0001821534 2024-01-01 2024-12-31 0001821534 us-gaap:CommonClassAMember 2025-01-01 2025-12-31 0001821534 us-gaap:CommonClassAMember 2024-01-01 2024-12-31 0001821534 us-gaap:CommonClassBMember 2025-01-01 2025-12-31 0001821534 us-gaap:CommonClassBMember 2024-01-01 2024-12-31 0001821534 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-12-31 0001821534 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-12-31 0001821534 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001821534 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001821534 us-gaap:RetainedEarningsMember 2023-12-31 0001821534 2023-12-31 0001821534 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:RetainedEarningsMember 2024-12-31 0001821534 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2024-12-31 0001821534 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001821534 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001821534 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001821534 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0001821534 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001821534 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2024-12-31 0001821534 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2024-12-31 0001821534 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001821534 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001821534 us-gaap:RetainedEarningsMember 2024-12-31 0001821534 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-12-31 0001821534 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-01-01 2025-12-31 0001821534 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-01-01 2025-12-31 0001821534 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-12-31 0001821534 us-gaap:RetainedEarningsMember 2025-01-01 2025-12-31 0001821534 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2025-12-31 0001821534 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2025-12-31 0001821534 us-gaap:AdditionalPaidInCapitalMember 2025-12-31 0001821534 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-12-31 0001821534 us-gaap:RetainedEarningsMember 2025-12-31 0001821534 us-gaap:ComputerSoftwareIntangibleAssetMember 2025-01-01 2025-12-31 0001821534 us-gaap:ComputerSoftwareIntangibleAssetMember 2024-01-01 2024-12-31 0001821534 exod:CompanyAMember us-gaap:CreditConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:CompanyAMember us-gaap:CreditConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:CompanyBMember us-gaap:CreditConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:CompanyBMember us-gaap:CreditConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:CompanyCMember us-gaap:CreditConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:CompanyCMember us-gaap:CreditConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:CompanyDMember us-gaap:CreditConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:CompanyDMember us-gaap:CreditConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:CompanyEMember us-gaap:CreditConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:CompanyEMember us-gaap:CreditConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:CompanyFMember us-gaap:CreditConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:CompanyFMember us-gaap:CreditConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 2025-11-30 0001821534 2025-11-01 2025-11-30 0001821534 us-gaap:SoftwareDevelopmentMember 2025-01-01 2025-12-31 0001821534 us-gaap:SoftwareDevelopmentMember 2024-01-01 2024-12-31 0001821534 exod:GratitudInternaLtdMember 2025-11-10 2025-11-10 0001821534 2025-11-10 2025-11-10 0001821534 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AccountingStandardsUpdate202308Member us-gaap:RetainedEarningsMember 2025-12-31 0001821534 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:AccountingStandardsUpdate202308Member us-gaap:RetainedEarningsMember 2025-01-01 2025-12-31 0001821534 country:MH 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember country:MH us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 country:MH 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember country:MH us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 country:HK 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember country:HK us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 country:HK 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember country:HK us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 country:VG 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember country:VG us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 country:VG 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember country:VG us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 country:SC 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember country:SC us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 country:SC 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember country:SC us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 country:VC 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember country:VC us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 country:VC 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember country:VC us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:UsAndNonUsMember 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember exod:UsAndNonUsMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:UsAndNonUsMember 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember exod:UsAndNonUsMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:APIProvidersMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:APIProvidersMember us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:ExchangeAggregationMember 2025-01-01 2025-12-31 0001821534 exod:ExchangeAggregationMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:ExchangeAggregationMember 2024-01-01 2024-12-31 0001821534 exod:ExchangeAggregationMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:FiatOnboardingMember 2025-01-01 2025-12-31 0001821534 exod:FiatOnboardingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:FiatOnboardingMember 2024-01-01 2024-12-31 0001821534 exod:FiatOnboardingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:StakingMember 2025-01-01 2025-12-31 0001821534 exod:StakingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:StakingMember 2024-01-01 2024-12-31 0001821534 exod:StakingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:ConsultingMember 2025-01-01 2025-12-31 0001821534 exod:ConsultingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 exod:ConsultingMember 2024-01-01 2024-12-31 0001821534 exod:ConsultingMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 us-gaap:ProductAndServiceOtherMember 2025-01-01 2025-12-31 0001821534 us-gaap:ProductAndServiceOtherMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-12-31 0001821534 us-gaap:ProductAndServiceOtherMember us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2025-01-01 2025-12-31 0001821534 us-gaap:SalesRevenueNetMember us-gaap:ProductConcentrationRiskMember 2024-01-01 2024-12-31 0001821534 exod:NonFungibleTokenMember 2025-01-01 2025-12-31 0001821534 exod:NonFungibleTokenMember 2024-01-01 2024-12-31 0001821534 exod:W3CCorpMember 2025-11-18 0001821534 exod:W3CCorpMember exod:TermFacilityMember 2025-11-18 0001821534 exod:W3CCorpMember us-gaap:DelayedDrawTermLoanMember 2025-11-18 0001821534 exod:W3CCorpMember exod:TermFacilityMember 2025-11-18 2025-11-18 0001821534 exod:W3CCorpMember 2025-12-31 0001821534 exod:W3CCorpMember exod:SellerPromissoryNoteMember 2025-11-18 0001821534 exod:W3CCorpMember exod:SellerPromissoryNoteMember 2025-12-31 0001821534 exod:DomainNameMember 2024-04-01 2024-06-30 0001821534 exod:GratitudInternaLtdMember us-gaap:DevelopedTechnologyRightsMember 2025-12-31 0001821534 exod:GratitudInternaLtdMember exod:AssembledWorkforceMember 2025-12-31 0001821534 exod:GratitudInternaLtdMember us-gaap:TradeNamesMember 2025-12-31 0001821534 exod:GratitudInternaLtdMember 2025-12-31 0001821534 exod:AssembledWorkforceMember 2025-12-31 0001821534 us-gaap:DevelopedTechnologyRightsMember 2025-12-31 0001821534 us-gaap:TradeNamesMember 2025-12-31 0001821534 us-gaap:GeneralAndAdministrativeExpenseMember 2025-01-01 2025-12-31 0001821534 exod:BitcoinMember 2025-12-31 0001821534 exod:EtherMember 2025-12-31 0001821534 exod:SolanaMember 2025-12-31 0001821534 us-gaap:OtherIntangibleAssetsMember 2025-12-31 0001821534 exod:BitcoinMember 2024-12-31 0001821534 exod:EtherMember 2024-12-31 0001821534 exod:SolanaMember 2024-12-31 0001821534 us-gaap:OtherIntangibleAssetsMember 2024-12-31 0001821534 us-gaap:AccountingStandardsUpdate202308Member 2023-12-31 0001821534 srt:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember 2023-12-31 0001821534 2025-04-01 2025-06-30 0001821534 us-gaap:ComputerEquipmentMember 2025-12-31 0001821534 us-gaap:ComputerEquipmentMember 2024-12-31 0001821534 us-gaap:VehiclesMember 2025-12-31 0001821534 us-gaap:VehiclesMember 2024-12-31 0001821534 us-gaap:FurnitureAndFixturesMember 2025-12-31 0001821534 us-gaap:FurnitureAndFixturesMember 2024-12-31 0001821534 srt:MaximumMember 2025-01-01 2025-12-31 0001821534 srt:MaximumMember 2024-01-01 2024-12-31 0001821534 us-gaap:SoftwareDevelopmentMember 2025-12-31 0001821534 us-gaap:SoftwareDevelopmentMember 2024-12-31 0001821534 exod:SoftwareAssetsInUseMember 2025-12-31 0001821534 exod:SoftwareAssetsInUseMember 2024-12-31 0001821534 us-gaap:ComputerSoftwareIntangibleAssetMember 2025-12-31 0001821534 us-gaap:ComputerSoftwareIntangibleAssetMember 2024-12-31 0001821534 exod:RestatedMasterDigitalCurrencyLoanAgreementMember 2025-11-17 2025-11-17 0001821534 exod:RestatedMasterDigitalCurrencyLoanAgreementMember 2025-01-01 2025-12-31 0001821534 exod:TwoThousandNineteenIncentivePlanMember 2019-09-01 2019-09-30 0001821534 srt:MinimumMember exod:OtherTeamMemberOrConsultantMember exod:TwoThousandNineteenIncentivePlanMember 2019-09-01 2019-09-30 0001821534 srt:MaximumMember exod:TwoThousandNineteenIncentivePlanMember 2025-12-31 0001821534 exod:TwoThousandNineteenIncentivePlanMember 2021-08-01 2021-08-31 0001821534 srt:MinimumMember exod:TwoThousandNineteenIncentivePlanMember 2021-08-01 2021-08-31 0001821534 srt:MinimumMember exod:OtherTeamMemberOrConsultantMember exod:TwoThousandNineteenIncentivePlanMember 2021-08-01 2021-08-31 0001821534 exod:TwoThousandTwentyOneIncentivePlanMember 2021-08-01 2021-08-31 0001821534 srt:MaximumMember exod:TwoThousandTwentyOneIncentivePlanMember 2021-08-31 0001821534 exod:TwoThousandTwentyOneIncentivePlanMember us-gaap:CommonClassAMember 2024-12-31 0001821534 exod:TwoThousandTwentyOneIncentivePlanMember us-gaap:CommonClassAMember 2025-08-31 0001821534 exod:TwoThousandTwentyOneIncentivePlanMember us-gaap:CommonClassAMember 2025-12-31 0001821534 us-gaap:RestrictedStockUnitsRSUMember exod:TwoThousandTwentyOneIncentivePlanMember 2025-12-31 0001821534 us-gaap:RestrictedStockUnitsRSUMember 2025-01-01 2025-12-31 0001821534 us-gaap:RestrictedStockUnitsRSUMember 2024-12-31 0001821534 us-gaap:RestrictedStockUnitsRSUMember 2025-12-31 0001821534 exod:TechnologyDevelopmentAndUserSupportMember 2025-01-01 2025-12-31 0001821534 exod:TechnologyDevelopmentAndUserSupportMember 2024-01-01 2024-12-31 0001821534 us-gaap:GeneralAndAdministrativeExpenseMember 2024-01-01 2024-12-31 0001821534 us-gaap:CommonStockMember 2025-01-01 2025-12-31 0001821534 us-gaap:WarrantMember 2025-12-31 0001821534 us-gaap:WarrantMember 2025-01-01 2025-12-31 0001821534 us-gaap:DomesticCountryMember 2025-12-31 0001821534 us-gaap:StateAndLocalJurisdictionMember 2025-12-31 0001821534 us-gaap:DomesticCountryMember us-gaap:ResearchMember 2025-12-31 0001821534 us-gaap:ForeignCountryMember 2025-12-31 0001821534 exod:OfficeOfForeignAssetsControlMember 2025-01-01 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:BitcoinMember 2025-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:BitcoinMember 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:EtherMember 2025-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:EtherMember 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:SolanaMember 2025-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:SolanaMember 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2025-12-31 0001821534 us-gaap:FairValueInputsLevel1Member 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:OtherDigitalAssetsMember 2025-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:OtherDigitalAssetsMember 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:MoneyMarketFundsMember 2025-12-31 0001821534 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2025-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:BitcoinMember 2024-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:BitcoinMember 2024-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:USTreasurySecuritiesMember 2024-12-31 0001821534 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2024-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:MoneyMarketFundsMember 2024-12-31 0001821534 us-gaap:FairValueInputsLevel1Member us-gaap:MoneyMarketFundsMember 2024-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:EtherMember 2024-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:EtherMember 2024-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:SolanaMember 2024-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:SolanaMember 2024-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember exod:OtherDigitalAssetsMember 2024-12-31 0001821534 us-gaap:FairValueInputsLevel1Member exod:OtherDigitalAssetsMember 2024-12-31 0001821534 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2024-12-31 0001821534 us-gaap:USTreasurySecuritiesMember 2025-12-31 0001821534 us-gaap:USTreasurySecuritiesMember 2024-12-31 0001821534 srt:MinimumMember 2024-12-31 0001821534 srt:MaximumMember 2024-12-31 0001821534 us-gaap:EmployeeStockOptionMember 2025-01-01 2025-12-31 0001821534 2025-10-01 2025-12-31 0001821534 exod:DanielCastagnoliMember 2025-10-01 2025-12-31 0001821534 exod:DanielCastagnoliMember 2025-12-31 0001821534 exod:MargaretE.KnightMember 2025-10-01 2025-12-31 0001821534 exod:MargaretE.KnightMember 2025-12-31 iso4217:USD shares iso4217:USD shares exod:Unit exod:segment pure iso4217:EUR exod:token exod:vote exod:arrangement 0001821534 2025 FY false http://fasb.org/us-gaap/2025#AccountingStandardsUpdate202308Member http://fasb.org/us-gaap/2025#AssetImpairmentCharges P565D P322D 10-K true 2025-12-31 --12-31 false 001-42047 Exodus Movement, Inc. TX 81-3548560 15418 Weir St. #333, 15418 Weir St. #333, Omaha, NE 68137 833 992-2566 Class A Common Stock, par value $0.000001 per share EXOD NYSEAMER No No Yes Yes Accelerated Filer true true false false false false 240121380 10626754 19185163 <span style="font-family:'Times New Roman', serif;font-size:7.5pt;font-style:normal;font-weight:normal;left:224.29pt;position:var(--position);text-decoration:none;white-space:pre">DOCUMENTS INCORPORATED BY REFERENCE</span><div style="font-size:12pt;line-height:7.5pt;position:var(--position);top:97.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:7.5pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Portions of the Registrant’s Definitive Proxy Statement relating to the Registrant’s 2026 Annual Meeting of Shareholders are incorporated by reference into Part III </span></div><div style="font-size:12pt;line-height:7.5pt;position:var(--position);top:106.02pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:7.5pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">of this Annual Report on Form 10-K.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">Our cybersecurity program is designed to protect our information, and that of our customers, against cybersecurity threats</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:479.4pt">that may result in adverse effects on the confidentiality, integrity, and availability of our information systems. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.9pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">cybersecurity risk management program, which is integrated into our overall enterprise risk management program, includes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">policies, processes and technologies to assess, identify and manage risks from cybersecurity threats and leverages the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:299.13pt">National Institute of Standards and Technology Cybersecurity Framework.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:310.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:underline;white-space:pre">Governance</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our Board, with assistance from its Audit Committee, oversees the Company’s enterprise risk management process,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:280.05pt">including the management of risks arising from cybersecurity threats.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.55pt;position:var(--position);text-decoration:none;white-space:pre;width:2.79pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.34pt;position:var(--position);text-decoration:none;white-space:pre;width:18.34pt">Our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.68pt;position:var(--position);text-decoration:none;white-space:pre;width:69.92pt">Audit Committee</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.6pt;position:var(--position);text-decoration:none;white-space:pre;width:123.78pt"> receives reports on significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">cybersecurity developments from the management team responsible for overseeing the Company’s risk and cybersecurity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">management processes, including our Chief Compliance Officer and Chief Security Officer. We also have protocols by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">which certain cybersecurity incidents are escalated within the Company and, where appropriate, reported to our Board in a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.47pt">timely manner.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">At the management level, our Chief Security Officer leads the team responsible for implementing, monitoring and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:314.74pt">maintaining our cybersecurity risk management program across our business</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.74pt;position:var(--position);text-decoration:none;white-space:pre;width:3.48pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.22pt;position:var(--position);text-decoration:none;white-space:pre;width:174.27pt">He has extensive cybersecurity knowledge</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">and skills gained from over 20 years of relevant work experience, including various leadership and management roles in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:448.38pt">information technology at the Company and elsewhere. He also has a Master of Science in information systems.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:135.21pt">Risk Management and Strategy</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:497.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our cybersecurity program includes technical safeguards, including automated tools managed and monitored by our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:509.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.94pt">cybersecurity team.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.44pt;position:var(--position);text-decoration:none;white-space:pre;width:416.03pt"> Additionally, we regularly conduct penetration and vulnerability testing and tabletop exercises, along</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:249.67pt">with regular team member training on cybersecurity matters. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:245.3pt">We also employ systems and processes designed to oversee,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:533.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">identify, and reduce the potential impact of a security incident at a third-party vendor, service provider or customer or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:545.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.19pt">otherwise implicating the third-party technology and systems we use.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">We engage independent third-party consultants and other service providers from time to time to conduct security</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">assessments and audits and to assess and enhance our cybersecurity practices. These third parties support our efforts to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">assess the effectiveness of our cybersecurity controls, identify potential vulnerabilities, benchmark our practices against</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:261.94pt">industry standards and enhance our overall cybersecurity posture.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">While we have not identified any material cybersecurity threats or incidents since the beginning of the last fiscal year that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:213.35pt">have had a material adverse effect on our business,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.85pt;position:var(--position);text-decoration:none;white-space:pre;width:281.6pt"> there can be no guarantee that we will not be the subject of future</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:386.38pt">successful attacks, threats or incidents. For more information on our cybersecurity related risks, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.88pt;position:var(--position);text-decoration:none;white-space:pre;width:108.49pt">see “Item 1A. Risk Factors</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">Risks Related to Our Business – Our business could be negatively impacted by cybersecurity threats and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.35pt">disruptions.”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">Our cybersecurity program is designed to protect our information, and that of our customers, against cybersecurity threats</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:479.4pt">that may result in adverse effects on the confidentiality, integrity, and availability of our information systems. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:537.9pt;position:var(--position);text-decoration:none;white-space:pre;width:15.55pt">Our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">cybersecurity risk management program, which is integrated into our overall enterprise risk management program, includes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">policies, processes and technologies to assess, identify and manage risks from cybersecurity threats and leverages the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:299.13pt">National Institute of Standards and Technology Cybersecurity Framework.</span></div> true <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our Board, with assistance from its Audit Committee, oversees the Company’s enterprise risk management process,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:280.05pt">including the management of risks arising from cybersecurity threats.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:338.55pt;position:var(--position);text-decoration:none;white-space:pre;width:2.79pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.34pt;position:var(--position);text-decoration:none;white-space:pre;width:18.34pt">Our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.68pt;position:var(--position);text-decoration:none;white-space:pre;width:69.92pt">Audit Committee</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.6pt;position:var(--position);text-decoration:none;white-space:pre;width:123.78pt"> receives reports on significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">cybersecurity developments from the management team responsible for overseeing the Company’s risk and cybersecurity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">management processes, including our Chief Compliance Officer and Chief Security Officer. We also have protocols by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">which certain cybersecurity incidents are escalated within the Company and, where appropriate, reported to our Board in a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.47pt">timely manner.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">At the management level, our Chief Security Officer leads the team responsible for implementing, monitoring and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:314.74pt">maintaining our cybersecurity risk management program across our business</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.74pt;position:var(--position);text-decoration:none;white-space:pre;width:3.48pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.22pt;position:var(--position);text-decoration:none;white-space:pre;width:174.27pt">He has extensive cybersecurity knowledge</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">and skills gained from over 20 years of relevant work experience, including various leadership and management roles in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:448.38pt">information technology at the Company and elsewhere. He also has a Master of Science in information systems.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:135.21pt">Risk Management and Strategy</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:497.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our cybersecurity program includes technical safeguards, including automated tools managed and monitored by our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:509.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.94pt">cybersecurity team.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.44pt;position:var(--position);text-decoration:none;white-space:pre;width:416.03pt"> Additionally, we regularly conduct penetration and vulnerability testing and tabletop exercises, along</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:249.67pt">with regular team member training on cybersecurity matters. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:308.16999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:245.3pt">We also employ systems and processes designed to oversee,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:533.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">identify, and reduce the potential impact of a security incident at a third-party vendor, service provider or customer or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:545.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:277.19pt">otherwise implicating the third-party technology and systems we use.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">We engage independent third-party consultants and other service providers from time to time to conduct security</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">assessments and audits and to assess and enhance our cybersecurity practices. These third parties support our efforts to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">assess the effectiveness of our cybersecurity controls, identify potential vulnerabilities, benchmark our practices against</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:261.94pt">industry standards and enhance our overall cybersecurity posture.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">While we have not identified any material cybersecurity threats or incidents since the beginning of the last fiscal year that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:213.35pt">have had a material adverse effect on our business,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.85pt;position:var(--position);text-decoration:none;white-space:pre;width:281.6pt"> there can be no guarantee that we will not be the subject of future</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:651.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:386.38pt">successful attacks, threats or incidents. For more information on our cybersecurity related risks, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:444.88pt;position:var(--position);text-decoration:none;white-space:pre;width:108.49pt">see “Item 1A. Risk Factors</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">Risks Related to Our Business – Our business could be negatively impacted by cybersecurity threats and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:675.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:51.35pt">disruptions.”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:109.85pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Our Board, with assistance from its Audit Committee, oversees the Company’s enterprise risk management process,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:280.05pt">including the management of risks arising from cybersecurity threats.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.34pt;position:var(--position);text-decoration:none;white-space:pre;width:18.34pt">Our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.68pt;position:var(--position);text-decoration:none;white-space:pre;width:69.92pt">Audit Committee</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.6pt;position:var(--position);text-decoration:none;white-space:pre;width:123.78pt"> receives reports on significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">cybersecurity developments from the management team responsible for overseeing the Company’s risk and cybersecurity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">management processes, including our Chief Compliance Officer and Chief Security Officer. We also have protocols by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">which certain cybersecurity incidents are escalated within the Company and, where appropriate, reported to our Board in a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.47pt">timely manner.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.34pt;position:var(--position);text-decoration:none;white-space:pre;width:18.34pt">Our </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.68pt;position:var(--position);text-decoration:none;white-space:pre;width:69.92pt">Audit Committee</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:429.6pt;position:var(--position);text-decoration:none;white-space:pre;width:123.78pt"> receives reports on significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">cybersecurity developments from the management team responsible for overseeing the Company’s risk and cybersecurity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">management processes, including our Chief Compliance Officer and Chief Security Officer. We also have protocols by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">which certain cybersecurity incidents are escalated within the Company and, where appropriate, reported to our Board in a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:60.47pt">timely manner.</span></div> true <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">At the management level, our Chief Security Officer leads the team responsible for implementing, monitoring and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:423.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:314.74pt">maintaining our cybersecurity risk management program across our business</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:375.74pt;position:var(--position);text-decoration:none;white-space:pre;width:3.48pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.22pt;position:var(--position);text-decoration:none;white-space:pre;width:174.27pt">He has extensive cybersecurity knowledge</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">and skills gained from over 20 years of relevant work experience, including various leadership and management roles in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:448.38pt">information technology at the Company and elsewhere. He also has a Master of Science in information systems.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">At the management level, our Chief Security Officer leads the team responsible for implementing, monitoring and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:314.74pt">maintaining our cybersecurity risk management program across our business</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.24pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span> true <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.22pt;position:var(--position);text-decoration:none;white-space:pre;width:174.27pt">He has extensive cybersecurity knowledge</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">and skills gained from over 20 years of relevant work experience, including various leadership and management roles in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:448.38pt">information technology at the Company and elsewhere. He also has a Master of Science in information systems.</span></div> true true false 60000000.0 34 Deloitte & Touche LLP Omaha, Nebraska 4938000 37883000 222000 12000 0 30490000 5141000 7654000 2996000 2326000 3401000 4305000 80584000 0 1995000 125000 99277000 82795000 458000 357000 156447000 196359000 4565000 6129000 4928000 2146000 1087000 209000 167485000 205200000 266762000 287995000 1176000 1162000 2210000 2952000 3975000 4219000 0 12000 7361000 8345000 0 344000 11991000 21779000 11991000 22123000 19352000 30468000 0.000001 0.000001 5000000 5000000 0 0 0 0 0 0 0.000001 0.000001 300000000 300000000 0 0 10358554 10358554 8460707 8460707 0.000001 0.000001 27500000 27500000 0 0 19185163 19185163 19749388 19749388 126995000 124387000 -2124000 -752000 122539000 133892000 247410000 257527000 266762000 287995000 121551000 116272000 62930000 46033000 66283000 39506000 -18892000 96111000 2000000 0 179000 336000 271000 1244000 -512000 -209000 4892000 3315000 570000 0 -20652000 130858000 -9299000 17900000 -11353000 112958000 -1372000 725000 -12725000 113683000 -0.39 4.30 -0.39 4.30 -0.39 3.52 -0.39 3.52 9515000 5371000 19492000 20925000 9515000 9051000 19492000 23012000 4320000 21760000 122558000 -1477000 -17320000 103761000 38254000 38254000 7157000 7157000 1170000 -928000 -928000 959000 -4400000 -4400000 3181000 -3181000 725000 725000 112958000 112958000 8460000 19749000 124387000 -752000 133892000 257527000 14337000 14337000 262000 -2066000 -2066000 1017000 -12863000 -12863000 56000 1220000 1220000 826000 -826000 -1372000 -1372000 1980000 1980000 -11353000 -11353000 10359000 19185000 126995000 -2124000 122539000 247410000 -11353000 112958000 3753000 5335000 -9801000 17924000 179000 336000 -18892000 96111000 2000000 0 271000 1244000 512000 209000 13611000 6596000 1980000 0 1923000 2225000 38898000 52172000 -397000 -71000 -620000 687000 335000 4215000 -79000 109000 69000 111000 -716000 2952000 0 -989000 -13000 -714000 -343000 -68000 -25561000 -12042000 -600000 0 249000 0 1648000 201000 2000000 0 267000 273000 4938000 76667000 35692000 91403000 5895000 2533000 63662000 32158000 80000000 0 100000 0 7657000 43887000 60000000 0 60000000 0 15076000 5351000 35000 13000 -15041000 -5338000 -32945000 26507000 37883000 11376000 4938000 37883000 80000 10000 36000 44000 32000 3074000 726000 561000 -2118000 -3532000 600000 0 1220000 0 570000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Nature of Business</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Exodus Movement, Inc. (“Exodus” or “the Company” or “we”) was incorporated in Delaware in July 2016. In December</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:369.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">2025, the Company effected the redomestication of the Company from the State of Delaware to the State of Texas. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Company operates in the FinTech subsector of the greater blockchain and digital asset industry. The Company has</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">developed an un-hosted self-custodial digital asset wallet on the Exodus Platform and contracts with third parties to provide</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.1pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:320.18pt">various services to users that utilize the Company’s wallet through the platform.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Summary of Significant Accounting Policies</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:455.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">The Company prepares its consolidated financial statements in conformity with U.S. GAAP. In the opinion of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">management, all adjustments necessary in order to make the consolidated financial statements not misleading have been</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.9pt">included.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:68.82pt">Use of Estimates</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The preparation of these consolidated financial statements in conformity with U.S. GAAP requires us to make estimates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:568.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">materially from those estimates. Significant estimates inherent in the preparation of the consolidated financial statements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">include depreciation, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">intangible assets, valuation of share-based compensation, valuation of equity warrants, reserves for litigation and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:248.88pt">contingencies and accounting for income taxes, among others.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:116.58pt">Principles for Consolidation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The accompanying consolidated financial statements include the accounts of the Company and its wholly owned</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:382.84pt">subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:146.03pt">Foreign Currency Translation and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:204.53pt;position:var(--position);text-decoration:none;white-space:pre;width:53.86pt">Transactions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Assets and liabilities of international subsidiaries whose functional currency is the local currency are translated at the rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">of exchange in effect on the consolidated balance sheet date; income and expenses are translated at the average exchange</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">rates prevailing during the period. The effects of these translation adjustments are presented in the consolidated statements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">of shareholders’ equity and in the consolidated statements of operations and comprehensive (loss) income. Fluctuations in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">the Company’s functional currency from our net investment in the Company’s subsidiaries expose us to foreign currency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">translation risk, where changes in foreign currency exchange rates may adversely affect our results of operations upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:143.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.89pt">translation into U.S. Dollars.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:167.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Segment Reporting</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">Operating segments are defined as components of an entity for which separate financial information is available and that is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:205.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">regularly reviewed by the Chief Executive Officer, also known as the Chief Operating Decision Maker (the “CODM”) in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:217.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">deciding how to allocate resources to an individual segment and in assessing performance. The CODM reviews financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:229.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">information presented on a consolidated basis for purposes of making operating decisions, allocating resources and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:241.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:369.39pt">evaluating financial performance. As such, the Company has determined that it operates as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.89pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.32pt;position:var(--position);text-decoration:none;white-space:pre;width:96.69pt"> operating segment and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.01pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:253.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">reportable segment. Segment expenses are provided to the CODM on the same basis as disclosed in the consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">statements of operations and comprehensive (loss) income which are used to evaluate company performance. The CODM</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:277.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">does not evaluate performance or allocate resources based on segment assets, and therefore such information is not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.39pt">presented in the notes to the financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:313.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:348.98pt">The Company applies the provisions of Accounting Standards Codification ("ASC") </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:407.48pt;position:var(--position);text-decoration:none;white-space:pre;width:145.93pt">Topic 606, Revenue from Contracts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.46pt">with Customers</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:431.42pt"> (“ASC 606”), to determine the measurement of revenue and the timing of when it is recognized. Under</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">ASC 606, revenue is measured as the amount of consideration we expect to be entitled to, in exchange for transferring</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">products or providing services to our customers and is recognized when performance obligations under the terms of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">contracts with our customers are satisfied. ASC 606 prescribes a five-step model for recognizing revenue from contracts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">with customers: (1) identify contract(s) with the customer; (2) identify the separate performance obligations in the contract;</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">(3) determine the transaction price; (4) allocate the transaction price to the separate performance obligations in the contract;</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">and (5) recognize revenue when (or as) each performance obligation is satisfied. Our primary customers are Application</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:384.22pt">Programming Interface Providers ("API Providers") who pay for access to the Exodus Platform.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:460.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchange Aggregation, Fiat Onboarding, and Staking Revenue Earned Through an API Provider</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The Company recognizes various amounts charged to API Providers which are based on user interactions conducted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:496.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">through APIs as revenue. Currently, the Company has API agreements with providers of digital asset-to-digital asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:508.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">exchanges, fiat-to-digital asset conversions, and digital asset staking. Under the terms and conditions of the agreements, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:520.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Company and the providers have integrated the APIs into the Exodus Platform. In consideration for the integration by the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Company of the APIs into the Exodus Platform software, API Providers pay us an API fee for certain user interactions with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">the API Provider. These interactions are typically transactions of services between provider and a user, effected through the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:18.61pt">API.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Exchange Aggregation—There are two main types of contracts with API Providers, transaction-based contracts and tiered</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">subscription contracts based on volume. The performance obligations under both types of contracts are such that the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Company allows the API Providers to provide software services which permit a user of Exodus’ un-hosted self-custodial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">digital asset software wallet to exchange one digital asset for another digital asset (the “Exchange Services”). The API</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Providers supply an application program interface to permit the Exchange Services to be integrated into the un-hosted self-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">custodial wallet software (the “Exchange API”). Under the terms and conditions of the agreements, the Company and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:336.31pt">Exchange API Providers have integrated the Exchange APIs into the Exodus wallet.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">For transaction-based contracts, revenue is recognized when a transaction occurs between a user and the API Provider. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Company receives from the API Provider a set percentage, per the contract, of the transaction value. As the majority of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:700.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">revenue is transaction based, our revenue can vary significantly based on the volume of user transactions that occur each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:712.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">day. Because revenue is recognized based on our estimates of the user transaction value (using pricing information from an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:724.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">independent pricing source), network fees, and spread captured by the API Provider, any or all of which may differ from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:736.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">the actual amounts, there is variable consideration. The Company calculates an expected variable percentage to apply to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">transaction when and as revenue generating activity (in the form of user transactions with API Providers) occurs, which is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">used to calculate the amount recognized. Because a transaction-based contract between the Company and the API Provider</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">represents a series of distinct services, which occur daily, the variable consideration allocation exception allows the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">Company in each case to allocate the consideration related to each individual user transaction to the period in which it is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">earned, since the pricing formula is consistent throughout the period. The variability in transaction price no longer exists</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">after receipt of consideration. The transaction price is based on a percentage of the fair value of assets exchanged and is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.73pt">settled in Bitcoin.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">For tiered subscription contracts, revenue is recognized monthly when the API Provider is invoiced a U.S. dollar amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">based on the user transaction volume tier reached during the corresponding month. The invoice may be settled in an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">amount of either Bitcoin or U.S. Dollar Coin ("USDC"), at the election of the API Provider, equivalent in value to the U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">dollar amount at time of payment. Because the contract is denominated in U.S. dollars and the amount invoiced to and due</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">from the API Provider is a U.S. dollar amount, even if settled in the form other than cash, the consideration is valued as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:201pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">the payment date and revenue is recognized based on the U.S. dollar amount. Because the transaction volume is not known</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:213pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">at the time of contract inception and remains uncertain until the contract period is complete, there is variable consideration.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:225pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The variable consideration is resolved each month given that the Company invoices its tiered subscription customers in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:237pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:195.87pt">U.S. dollars based on actual volume tier reached.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:261pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The Company has concluded that the contracts do not contain any significant financing components, as either the period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">between receipt of the funds and the satisfaction of performance obligations is largely within one year. Substantially all of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:474.15pt">the contracts call for payment to be made in digital assets or USDC and have payment terms that are less than 30 days.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Fiat onboarding—Fiat on-ramps, powered by API Providers, such as Ramp network, facilitate an effortless exchange for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">users to buy digital assets with fiat currency through bank transfer, credit or debit card and Apple Pay. Users can sell digital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:321pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">assets for fiat currency and transfer to their bank account utilizing our off-ramp, which is currently powered by API</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:333pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Providers such as MoonPay and Sardine. Exodus receives transaction-based fees from our third-party providers based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:345pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">volume of currency exchanged. As the majority of our revenue is transaction based, our revenue can vary significantly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">based on the volume of user transactions that occur each day. Because revenue is recognized based on our estimates of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:369pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">user transaction value (using pricing information from an independent pricing source), network fees, and spread captured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">by the API Provider, any or all of which may differ from the actual amounts, there is variable consideration. The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">calculates an expected variable percentage to apply to the transaction when and as revenue generating activity (in the form</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">of user transactions with API Providers) occurs, which is used to calculate the amount recognized. Because a transaction-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">based contract between the Company and the API Provider represents a series of distinct services, which occur daily, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:429pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">variable consideration allocation exception allows the Company in each case to allocate the consideration related to each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">individual user transaction to the period in which it is earned, since the pricing formula is consistent throughout the period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The variability in transaction price no longer exists after receipt of consideration. The transaction price is based on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:327.37pt">percentage of the fair value of assets exchanged and is settled primarily in USDC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Staking revenue earned through an API Provider—By participating in blockchain validation through our third-party API</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Provider, Everstake, users are able to earn rewards by staking supported digital assets held in their Exodus wallets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">According to the design of the underlying network staking protocols, the holder determines the amount of digital assets to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">stake, retains full control and ownership of the digital assets and can unstake them at any time. Users of the Exodus</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Platform are able to access the Staking app within the Exodus Platform and delegate certain digital assets to participate in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:549pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">staking and receive the resulting rewards. Exodus receives a volume based tiered monthly subscription fee from Everstake.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Because the transaction volume is not known at the time of contract inception, the contract is based by epoch period or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">daily period depending on the digital asset and their network validation rules. The Company has determined that the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">variable consideration is resolved at the end of the period. Revenue is recognized on a monthly basis based on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:280.25pt">completion of the series of performance obligations during the period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:316.14pt">Consulting and Other Revenue Earned by Exodus or Through an API Provider</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Consulting and other—The Company recognizes revenue from the provision of consulting and other services based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">contractual terms. Revenue from consulting and other primarily consists of transactions for non-fungible tokens. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">Company evaluates the transactions based on whether it controls the digital asset provided before it is transferred to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">users or whether it acts as an agent by arranging for other customers to provide the digital asset to the customer. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Company does not control the digital asset being provided before it is transferred to the buyer, does not have inventory risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:705pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">related to the digital asset, and is not responsible for the fulfillment of the digital asset. The Company also does not set the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:717pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">price for the digital asset. The Company’s API Provider agreements and user terms of service along with the self-custodial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:729pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">nature of the product clarify that the responsibility for transactions flowing through the APIs are exclusively the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">responsibility of the API Provider and the user. The Company has determined that for its transaction-based contracts it is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:179.59pt">an agent solely for the purposes of ASC 606.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:108.23pt">Concentration of Revenue</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:339.86pt">Revenue from API Providers exceeding 10% of total revenues for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.36pt;position:var(--position);text-decoration:none;white-space:pre;width:79.98pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.34pt;position:var(--position);text-decoration:none;white-space:pre;width:20.87pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.21pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.21pt;position:var(--position);text-decoration:none;white-space:pre;width:34.17pt"> were as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.75pt">follows:</span></div><div style="position:var(--position);top:143.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company A</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">14,820</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">20,837</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company B</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">18,357</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">20,206</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company C</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">19,434</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">19,931</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company D </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:53.71pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:54.5pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">16,196</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company E</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">18,261</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">12,807</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company F </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:52.050000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">13,161</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:54.5pt;position:var(--position)">—</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:196.88pt">(1) Company did not have over 10% of revenue during the fiscal year 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:196.88pt">(2) Company did not have over 10% of revenue during the fiscal year 2024.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:291.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.12pt">Cash and Cash Equivalents</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:316.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Cash and cash equivalents include cash on hand, money market mutual funds and treasury bills with an original maturity of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:328.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.7pt">three months or less.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.42pt">U.S. Dollar Coin</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">USDC is a stablecoin digital asset that is backed by U.S. dollars or other liquid assets and accounted for as a financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:225.89pt">instrument. USDC can be redeemed for one U.S. Dollar.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:119.07pt">Concentration of Credit Risk</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The Company maintains its cash and cash equivalents in checking accounts, various investment grade institutional money</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">market accounts, bank term deposits and licensed digital asset exchanges. Deposited funds held with financial institutions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.27pt">may exceed the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.77pt;position:var(--position);text-decoration:none;white-space:pre;width:37.5pt">$250,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:391.17pt"> limit insured by the Federal Deposit Insurance Corporation (“FDIC”). Generally, these deposits</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">may be redeemed upon demand and are maintained with financial institutions with reputable credit. The Company has not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">experienced any losses on funds deposited to these accounts and, therefore, does not believe it is exposed to any significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.36pt">credit risk with respect to these accounts.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.86pt;position:var(--position);text-decoration:none;white-space:pre;width:322.53pt"> The Company also holds cash at digital asset trading venues and performs a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:327.68pt">regular assessment of these trading venues as part of its risk management process.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:537.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounts Receivable</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The Company records accounts receivable at the invoiced amount. Accounts receivable are contractual rights to receive</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">payment in the form of digital assets, stable coin, or cash, and are recognized as an asset on the consolidated balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">sheets. Accounts receivable consists of earned but not yet received revenue accounted for in accordance ASC 606.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Accounts receivable that result in obtaining the right to receive a fixed amount of digital assets in the future are hybrid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">instruments, consisting of a receivable host contract that is initially measured at the fair value of the underlying digital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">assets and is subsequently carried at amortized cost, and an embedded forward feature based on the changes in the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:633.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">value of the underlying digital asset. The embedded forward is bifurcated from the host contract and is subsequently</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:90.97pt">measured at fair value.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:90.21pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:148.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:20.27pt">ASC </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:168.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:189.09pt">326-20, Financial Instruments – Credit Losses,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.07pt;position:var(--position);text-decoration:none;white-space:pre;width:195.42pt"> to record an allowance for doubtful accounts for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">receivables based on expected credit losses. In determining expected credit losses, the Company considers historical loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">experience, the aging of its receivable balance, and the term between invoicing and when payment is due. Any accounts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:705.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">receivable balance shall be charged off in the period in which trade receivables are deemed uncollectible. Recoveries of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:302.45pt">trade receivables previously charged off shall be recorded when received. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.95pt;position:var(--position);text-decoration:none;white-space:pre;width:192.49pt">There have been no receivables charged off for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40.23pt">the period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.72999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:47.17pt">s presented.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.82pt">Loans Receivable, Net</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Loans receivable, net are recognized when the Company has a legally enforceable right to receive cash or other financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">assets under the terms of a written loan or promissory note. Loans receivable are initially recorded at the principal amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">advanced and are subsequently carried at amortized cost, net of any allowance for credit losses. The Company evaluates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:250.24pt">loans receivable for expected credit losses in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:308.74pt;position:var(--position);text-decoration:none;white-space:pre;width:195.5pt">ASC 326, Financial Instruments—Credit Losses,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.24pt;position:var(--position);text-decoration:none;white-space:pre;width:49.16pt"> and records</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:434.97pt">an allowance for credit losses when necessary based on management’s assessment of expected collectability.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Interest income is recognized using the effective interest method. Loan origination fees received, net of certain direct loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">origination costs, are deferred as an adjustment to the carrying value of the related loans and amortized into interest income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">over the estimated life of the loans. Contractual exit fees associated with loans receivable are accounted for as adjustments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">to yield and amortized into interest income using the effective interest method over the expected term of the loans. For</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:223pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">loans that provide for the capitalization of interest, accrued interest is added to the carrying value of the loan receivable in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:398.82pt">accordance with the contractual terms and is not separately presented as accrued interest receivable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:256pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:108.25pt">Fair Value Measurements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Fair value is the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">between market participants at the measurement date. The following fair value hierarchy is used in selecting inputs, with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:324.3pt">the highest priority given to Level 1, as these are the most transparent or reliable:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:328.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:269.37pt">Level 1 – Quoted prices for identical instruments in active markets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:454.5pt">Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:454.43pt">instruments in markets that are not active; and model-derived valuations in which all significant inputs are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:116.5pt">observable in active markets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:454.4pt">Level 3 – Valuations derived from valuation techniques in which one or more significant inputs are not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:45.78pt">observable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">Prices may fall within Level 1, 2 or 3 depending upon the methodology and inputs used to estimate fair value for each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">specific security. In general, securities are priced using third-party pricing services. Securities not priced by pricing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">services are submitted to independent brokers for valuation and, if those are not available, internally developed pricing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:448.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">models are used to value assets using a methodology and inputs that market participants presumably would use to value the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">assets. Prices obtained from third-party pricing services or brokers are not adjusted. Subsequent to the adoption of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Accounting Standards Update ("ASU") 2023-08, the fair value of each digital asset is based on quoted (unadjusted) prices</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:431.61pt">in the principal market for each digital asset. Such prices are based on Level 1 inputs in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:490.11pt;position:var(--position);text-decoration:none;white-space:pre;width:63.27pt">ASC 820 - Fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:496.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.19pt">Value Measurement</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:520.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.39pt">Investments</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The Company determines the classification of investments at the time of purchase and evaluates such classification at each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">balance sheet date. Investments over which the Company exercises significant influence, but does not control, are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:568.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">accounted for using the equity method of accounting. Investments over which the Company does not exercise significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:189.44pt">influence are accounted for in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:247.94pt;position:var(--position);text-decoration:none;white-space:pre;width:166.76pt">ASC 321, Investments—Equity Securities </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.7pt;position:var(--position);text-decoration:none;white-space:pre;width:54.26pt">("ASC 321").</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.54pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:79.64pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.68pt;position:var(--position);text-decoration:none;white-space:pre;width:389.82pt">, the Company held (i) investments in Simple Agreements for Future Equity (“SAFEs”) and (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:161.15pt">one investment in an equity security.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.65pt;position:var(--position);text-decoration:none;white-space:pre;width:333.72pt"> The SAFEs represent contractual rights to acquire equity interests upon the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">occurrence of specified future events and do not provide the Company with voting rights, governance rights, or the ability</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">to exercise significant influence over the issuers. Accordingly, the SAFEs are accounted for as cost method investments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.39pt">and are included </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.89pt;position:var(--position);text-decoration:none;white-space:pre;width:28.32pt">within </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:397.2pt">other long-term assets on the consolidated balance sheets. The Company’s investment in an equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">security is accounted for in accordance with ASC 321 which is measured at fair value. Changes in the equity security fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">value is recognized in other losses, net on the consolidated statement of operations and comprehensive (loss) income and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">the equity security is included within other long-term assets on the consolidated balance sheets. The Company evaluates its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">investments for impairment at each balance sheet date. An impairment loss is recognized when the carrying amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:377.8pt">exceeds estimated fair value and the decline in value is determined to be other than temporary.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.8pt">Convertible Note Receivable</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:195.51pt">In November 2025, the Company entered into a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.01pt;position:var(--position);text-decoration:none;white-space:pre;width:49.11pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.12pt;position:var(--position);text-decoration:none;white-space:pre;width:250.34pt"> convertible loan agreement with an unrelated third party. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:449.29pt">convertible note is accounted for as a note receivable within other long-term assets, in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:507.79pt;position:var(--position);text-decoration:none;white-space:pre;width:45.55pt">ASC 310 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.18pt">Receivables,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.68pt;position:var(--position);text-decoration:none;white-space:pre;width:444.73pt"> on the Company's balance sheet and is recorded at amortized cost which approximates its fair value. The note</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.51pt">accrues interest at a rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.01pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">0.50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.84pt;position:var(--position);text-decoration:none;white-space:pre;width:358.49pt"> per annum above the 12-month EURIBOR, with interest beginning to accrue on January</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">1, 2027. The convertible note has a contractual maturity date of October 31, 2027, unless earlier converted in accordance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:129.27pt">with the terms of the agreement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The convertible note includes conversion features that permit the outstanding principal and accrued interest to be converted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">into equity, of the unrelated third party, upon the occurrence of specified events, including (i) a qualifying equity financing,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:485.43pt">(ii) an exit event, or (iii) at the election of the Company, if no qualifying financing has occurred, upon maturity. T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:9.43pt">he</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">conversion price component varies by each trigger event: in the event of a new financing round, it is the lowest fully-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:201pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:157.25pt">diluted price per share multiplied by a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.75pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">80.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.58pt;position:var(--position);text-decoration:none;white-space:pre;width:7.89pt"> d</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.47pt;position:var(--position);text-decoration:none;white-space:pre;width:67.92pt">iscount multiple </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.39pt;position:var(--position);text-decoration:none;white-space:pre;width:164.44pt">subject to a contractual valuation cap of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.83pt;position:var(--position);text-decoration:none;white-space:pre;width:54.24pt">€15.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:17.32pt">; for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:213pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">an exit event, it is the lower of the cap-based fully-diluted ("FD") price or the actual FD price in the exit; and for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:225pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:210.25pt">conversion on request, it is the cap-based FD price. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.75pt;position:var(--position);text-decoration:none;white-space:pre;width:25.1pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.85pt;position:var(--position);text-decoration:none;white-space:pre;width:79.2pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.05pt;position:var(--position);text-decoration:none;white-space:pre;width:180.43pt">, the carrying amount of the convertible note</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:237pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:61.56pt">receivable was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.06pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.91pt;position:var(--position);text-decoration:none;white-space:pre;width:198.66pt">, and no allowance for credit losses was recorded.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:260.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Variable Interest Entity</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">The Company evaluates its involvement with legal entities to determine whether the entity is a variable interest entity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:298.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">("VIE") and whether consolidation is required under applicable accounting guidance. An entity is considered a VIE when,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">among other factors, (i) the equity investment at risk is not sufficient to permit the entity to finance its activities without</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:321.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">additional subordinated financial support or (ii) the equity holders at risk lack the characteristics of a controlling financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">interest. If the Company has a variable interest in a VIE, it assesses whether it is the primary beneficiary. The primary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">beneficiary is the party that has both (i) the power to direct the activities that most significantly impact the VIE's economic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">the VIE. In assessing whether it has the power to direct the activities that most significantly impact a VIE's economic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">performance, the Company evaluates the substance of its contractual arrangements, governance rights, and decision-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">making authority. Rights that are designed solely to protect the Company's interests, without providing substantive</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">decision-making ability, are not considered indicators of power. If the Company determines that it is not the primary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">beneficiary of a VIE, the entity is not consolidated and the Company accounts for its involvement in accordance with other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:128.42pt">applicable accounting guidance.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.92pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:446.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Assets, Net</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:468.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Fixed assets are recorded at cost and are depreciated on a straight-line basis over the estimated useful lives of the respective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:480.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">assets. Maintenance and repairs are charged to expense as incurred; major renewals and betterments are capitalized and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:492.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:48.52pt">depreciated.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:516.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.33pt">Digital Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:39.36pt">Effective </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.86pt;position:var(--position);text-decoration:none;white-space:pre;width:64.12pt">January 1, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:59.64pt">, the company </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.62pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.25pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:256.02pt;position:var(--position);text-decoration:none;white-space:pre;width:237.55pt">ASU 2023-08, Improvements to Crypto Assets Disclosures.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.57pt;position:var(--position);text-decoration:none;white-space:pre;width:59.93pt"> The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:554.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">presents digital assets separately from other intangible assets, recorded as digital assets on the consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The net activity from remeasurement of digital assets at fair value is reflected in the consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:578.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">and comprehensive (loss) income within expense (income). Digital assets that are received as noncash consideration in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:590.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">revenue arrangements and sold for cash within seven days are presented as cash flows from operating activities in other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:602.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">operating activities settled in digital assets and USDC, while other digital asset activity held longer than seven days is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:614.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">reflected as cash flows from investing activities under disposal of digital assets held in the consolidated statements of cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">flows. The Company uses a mix of non-custodial and custodial services at multiple locations that are geographically</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:460.08pt">dispersed to store its digital assets. The Company has performed an analysis of the principal market. Refer to "</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:27.93pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.51pt;position:var(--position);text-decoration:none;white-space:pre;width:6.84pt"> -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.44pt">Intangible Assets", and "</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.94pt;position:var(--position);text-decoration:none;white-space:pre;width:32.34pt">Note 13</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.28pt;position:var(--position);text-decoration:none;white-space:pre;width:362.1pt"> - Fair Value Measurements", for additional information. The Company has ownership of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:662.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:353.74pt">and control over its digital assets. The cost basis is calculated on a first-in first-out basis.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:686.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:113.77pt">Software Development Cost</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:713.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.95pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.45pt;position:var(--position);text-decoration:none;white-space:pre;width:320.39pt">ASC 985-20, Software-Costs of Software to Be Sold, Leased, or Marketed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.84pt;position:var(--position);text-decoration:none;white-space:pre;width:76.57pt">, in analyzing the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:725.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">Company’s software development costs. ASC 985-20 requires the capitalization of certain software development costs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:737.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">subsequent to the establishment of technological feasibility for a software product in development. Software development</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:392.63pt">costs associated with establishing technological feasibility are expensed as incurred. We apply A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:451.13pt;position:var(--position);text-decoration:none;white-space:pre;width:102.28pt">SC 350-40, Intangibles—</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:183.6pt">Goodwill and Other—Internal Use Software</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.1pt;position:var(--position);text-decoration:none;white-space:pre;width:311.28pt">, in the review of certain system projects. These system projects generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">relate to software not hosted on our users’ systems (as defined in ASC 350-40), where the user has no access to source</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:362.47pt">code, and it is infeasible for the user to operate the software themselves without Exodus s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.97pt;position:var(--position);text-decoration:none;white-space:pre;width:132.36pt">ervers in place. In these reviews,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">all costs incurred during the preliminary project planning stages are expensed as incurred. Amortization of capitalized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">software development costs are included in technology, development and user support in the consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:181.24pt">operations and comprehensive (loss) income.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:239.74pt;position:var(--position);text-decoration:none;white-space:pre;width:2.65pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.39pt;position:var(--position);text-decoration:none;white-space:pre;width:311.09pt">During the years ended December 31, 2025 and 2024, the Company recorded</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:48.88pt">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:107.38pt;position:var(--position);text-decoration:none;white-space:pre;width:19.49pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:126.87pt;position:var(--position);text-decoration:none;white-space:pre;width:48.88pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:175.75pt;position:var(--position);text-decoration:none;white-space:pre;width:58.31pt">, respectively, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:234.06pt;position:var(--position);text-decoration:none;white-space:pre;width:10.3pt">in </span><span style="-sec-ix-hidden:f-389"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.36pt;position:var(--position);text-decoration:none;white-space:pre;width:309.06pt">software development impairment which is presented as impairment on other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.8pt">assets </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.3pt;position:var(--position);text-decoration:none;white-space:pre;width:314.08pt">in the consolidated statements of operations and comprehensive (loss) income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.85pt">Indefinite-Lived Intangible Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:191.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.46pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:383.48pt">ASC 350-30, Intangibles-Goodwill and Other, General Intangibles Other Than Goodwill,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.44pt;position:var(--position);text-decoration:none;white-space:pre;width:13.03pt"> in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:203.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">analyzing the Company’s indefinite-lived assets. Indefinite-lived assets, primarily the Company’s domain name, are not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">amortized but are evaluated annually for impairment and whenever events or changes in circumstances indicate that the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:234.87pt">carrying amount of the asset may exceed its fair value. I</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.37pt;position:var(--position);text-decoration:none;white-space:pre;width:260.09pt">f the carrying value of an indefinite-lived asset exceeds its fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.81pt">value, an impairment charge is recognized in an amount equal to that excess.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:107.09pt">Definite-Lived Intangible </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:165.59pt;position:var(--position);text-decoration:none;white-space:pre;width:25.53pt">Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.46pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:383.48pt">ASC 350-30, Intangibles-Goodwill and Other, General Intangibles Other Than Goodwill,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.44pt;position:var(--position);text-decoration:none;white-space:pre;width:13.03pt"> in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">analyzing the Company’s definite-lived assets. The Company's intangible assets consist primarily of technology in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">development, an assembled workforce, and trade names. These intangible assets were capitalized at fair market value and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.92pt">are being amortized over their estimated useful lives.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:345.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Impairment of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:120.68pt;position:var(--position);text-decoration:none;white-space:pre">Long-Lived </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:170.9pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">The Company reviews its long-lived assets, currently consisting of indefinite-lived intangible assets and definite-lived</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">intangible assets for impairment whenever events or changes in circumstances indicate the carrying amount of the asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">amount of the asset exceeds the fair value of the asset. Significant management judgment is required to determine the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">value of our long-lived assets and measure impairment, which includes projected cash flows. Fair value is determined by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">using various valuation techniques, including discounted cash flow models, sales of comparable properties and third-party</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">independent appraisals. Changes in estimated fair value could result in an impairment of the asset. There were no material</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:227.87pt">impairment charges recorded for the periods reported. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.37pt;position:var(--position);text-decoration:none;white-space:pre;width:267.03pt">The Company performs its annual impairment test of long-lived</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:189.24pt">assets as of December 31 and determined that </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.74pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.74pt;position:var(--position);text-decoration:none;white-space:pre;width:295.68pt"> impairment existed for the Company’s long-lived assets the years ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:515.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:113pt">Share-based Compensation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:541pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Under the Company’s share-based compensation plans, certain team members, members of the Company’s Board, and its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:456.76pt">consultants have received grants of restricted stock units (“RSUs”) for Exodus Movement Class A common stock.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:349.49pt">The Company accounts for RSUs as equity classified awards. For RSUs, the expense </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.99pt;position:var(--position);text-decoration:none;white-space:pre;width:145.48pt">is measured based on the grant-date</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">fair value and is recognized over the requisite service period for each vesting tranche of awards expected to vest, with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:323.97pt">forfeitures estimated based on historical experience and future expectations. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.47pt;position:var(--position);text-decoration:none;white-space:pre;width:171.03pt">Share-based compensation is included in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:393.44pt">expenses (income) on the consolidated statements of operations and comprehensive (loss) income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:633pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Warrant Valuations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:655pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">During fiscal year 2025, in connection with certain agreements, the company issued warrants to purchase shares of its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">common stock. The company measures the fair value of the warrants using the Black-Scholes option pricing model as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:451.03pt">the issuance date. Exercisable warrants are equity based and recorded as a reduction in additional paid-in capital.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt"><span style="background-color:inherit">The material factors incorporated in the Black-Scholes model in estimating the fair value of the options and warrants</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.5pt"><span style="background-color:inherit">granted for the periods presented were as follows:</span></span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt"><span style="background-color:inherit">•</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:97.54pt"><span style="background-color:inherit">Expected dividend yield</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:8.77pt"><span style="background-color:inherit"> - </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.81pt;position:var(--position);text-decoration:none;white-space:pre;width:352.62pt">The expected dividend is assumed to be zero as we have never paid dividends and have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:241.76pt">no current plans to pay any dividends on our common stock.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:123.51pt"><span style="background-color:inherit">Expected stock-price volatility</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.01pt;position:var(--position);text-decoration:none;white-space:pre;width:335.42pt"><span style="background-color:inherit"> - The expected volatility is derived from the historical volatility of the Company's</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.84pt"><span style="background-color:inherit">stock as there are no other publicly traded companies within our industry that we consider to be comparable over a</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.12pt"><span style="background-color:inherit">period approximately equal to the expected term.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:109pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:87.14pt"><span style="background-color:inherit">Risk-free interest rate</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.64pt;position:var(--position);text-decoration:none;white-space:pre;width:371.8pt"><span style="background-color:inherit"> - The risk-free interest rate is based on the U.S. Treasury yield in effect at the time of grant</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:121pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:378.44pt"><span style="background-color:inherit">for zero coupon U.S. Treasury notes with maturities approximately equal to the expected term.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt"><span style="background-color:inherit">•</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:59.43pt"><span style="background-color:inherit">Expected term</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.93pt;position:var(--position);text-decoration:none;white-space:pre;width:399.43pt"><span style="background-color:inherit"> - The expected term represents the period that the awards are expected to be outstanding. Our</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt"><span style="background-color:inherit">historical warrant exercise experience does not provide a reasonable basis upon which to estimate an expected</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:159pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt"><span style="background-color:inherit">term because of a lack of sufficient data. Therefore, we estimate the expected term by using the simplified method</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.86pt"><span style="background-color:inherit">provided by the SEC. The simplified method calculates the expected term as the average of the time-to-vesting</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:151.75pt"><span style="background-color:inherit">and the contractual life of the options.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:197pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt"><span style="background-color:inherit">•</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:80.32pt"><span style="background-color:inherit">Fair value per share</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.82pt;position:var(--position);text-decoration:none;white-space:pre;width:378.59pt"><span style="background-color:inherit"> - The fair value per share is the fair price or theoretical value for a call or a put option based</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:433.94pt"><span style="background-color:inherit">on six variables such as volatility, type of option, underlying stock price, time, strike price and risk-free rate.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:233pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(Loss) Earnings Per Share </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The Company computes net (loss) income per share using the two-class method required for participating securities. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">two-class method requires income available to common shareholders for the period to be allocated between common stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">and participating securities based upon their respective rights to receive dividends as if all income for the period had been</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">distributed. The Company’s Class A and Class B common stock were deemed participating securities. Basic net (loss)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">income per share is computed using the weighted-average number of outstanding shares of common stock during the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">period. Diluted net (loss) income per share is computed using the weighted-average number of outstanding shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">common stock and, when dilutive, potential shares of common stock outstanding during the period. Potential shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:479.53pt">common stock consist of incremental shares issuable upon the exercise of stock options, warrants, and vesting of RSUs.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:366.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:166.58pt">The Company applies the provisions of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:225.08pt;position:var(--position);text-decoration:none;white-space:pre;width:98.84pt">ASC 740, Income Taxes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.92pt;position:var(--position);text-decoration:none;white-space:pre;width:229.54pt">. Under ASC 740, deferred tax assets and liabilities are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">determined based on differences between the financial statement carrying amounts and tax bases of assets and liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">and are measured using the enacted tax rates that are expected to apply to taxable income in the years in which those</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:429.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">temporary differences are expected to be recovered or settled. The effect of a change in tax rates is recognized in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">statements of operations and comprehensive (loss) income in the period that includes the enactment date. The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459.38pt">records valuation allowances to reduce its deferred tax assets to the amount that is more likely than not be realized.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">In accordance with ASC 740, the Company recognizes, in its consolidated financial statements, the impact of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:488.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Company's tax positions that are more likely than not to be sustained upon examination. The Company will determine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:511.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">appeals or litigation processes, based on the technical merits of the position. In evaluating whether a tax position has met</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">the more-likely-than-not recognition threshold, the Company presumes that the position will be examined by the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:534.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">appropriate taxing authority with full knowledge of all relevant information. Upon determination that a tax position meets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">the more-likely-than-not recognition threshold, it is measured to determine the amount of benefit to recognize in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:474.65pt">financial statements. The Company recognizes interest and penalties for uncertain tax positions in income tax expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">On July 4, 2025, the “One Big Beautiful Bill Act” (P.L. 119‑21) was enacted into law. The legislation reinstates and extends</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:590.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:341.14pt">several provisions of the 2017 Tax Cuts and Jobs Act, including permanent </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.64pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">100%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.97pt;position:var(--position);text-decoration:none;white-space:pre;width:130.42pt"> bonus depreciation, enhanced</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:602.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Section 179 expensing, full research and development expense deduction for domestic expenditures and modification to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:613.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">international tax framework. We are currently assessing its impact on our consolidated financial statements. The primary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">impact of the legislation is the acceleration of deductions related to research and development costs incurred in the U.S.,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:636.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:451.93pt">which did not have a material impact on the Company’s effective tax rate for the year ended December 31, 2025.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:510.43pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:658.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Asset Acquisitions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">When an acquisition does not meet the definition of a business combination because either: (i) substantially all of the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">value of the gross assets acquired is concentrated in a single identifiable asset, or group of similar identified assets, or (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">the acquired entity does not have an input and a substantive process that together significantly contribute to the ability to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:718.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">create outputs, we account for the acquisition as an asset acquisition. In an asset acquisition, goodwill is not recognized, but</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:730pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">rather, any excess purchase consideration over the fair value of the net assets acquired is allocated on a relative fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">basis to the identifiable net assets as of the acquisition date and any direct acquisition-related transaction costs are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">capitalized as part of the purchase consideration. Purchase consideration is allocated to the tangible and intangible assets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">acquired and liabilities assumed based on the estimated fair values as of the acquisition date, which are measured in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:263.1pt">accordance with fair value measurement accounting principles. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.6pt;position:var(--position);text-decoration:none;white-space:pre;width:74.71pt">The determination</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.31pt;position:var(--position);text-decoration:none;white-space:pre;width:157.06pt"> of fair value requires management to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:91pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">subjective in nature. For information on the acquisition that we completed during the year ended December 31, 2025 that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:287.35pt">we accounted for as asset acquisitions, see "Note 6 - Intangible Assets.”</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">On November 10, 2025, the Company acquired substantially all of the assets of Gratitud Interna Ltd., a Latin American</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.96pt">crypto payments platform. The aggregate purchase price was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:49.71pt">$2.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.17pt;position:var(--position);text-decoration:none;white-space:pre;width:128.33pt"> excluding transaction costs of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.71pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.21pt;position:var(--position);text-decoration:none;white-space:pre;width:14.19pt">, of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:159.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.4pt">which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.9pt;position:var(--position);text-decoration:none;white-space:pre;width:49.33pt">$1.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:90.57pt"> was paid in cash and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.8pt;position:var(--position);text-decoration:none;white-space:pre;width:49.33pt">$1.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.13pt;position:var(--position);text-decoration:none;white-space:pre;width:278.35pt"> was delivered in newly issued Class A shares. The Company issued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">55,825</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86pt;position:var(--position);text-decoration:none;white-space:pre;width:467.43pt"> shares of Class A common stock, based on the 60-day volume-weighted average price of the Company’s Class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">common stock as of that date. This asset purchase expanded our payments capabilities by adding technology in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:195.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">development, an assembled workforce, and a trade name supporting crypto-based merchant transactions in the Latin</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:207.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.11pt">America market.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:125.61pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:229.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:264.51pt">Recently Issued Accounting Pronouncements Pending Adoption</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:251.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:273.9pt">Targeted Improvements to the Accounting for Internal-Use Software</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.26pt">In September 2025, the Financial Accounting Standards Board (“FASB”) issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:389.76pt;position:var(--position);text-decoration:none;white-space:pre;width:163.71pt">ASU 2025-06, “Intangibles — Goodwill</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">and Other — Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:299.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:35.52pt">Software</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:459.4pt">”. The amendments in ASU 2025-26 (i) remove all references to prescriptive software development “project</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:311.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">stages,” (ii) refocus the capitalization threshold such that an entity begins capitalizing when (a) management authorizes and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">commits to funding the project and (b) it is probable that the project will be completed and used for its intended function</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:334.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">(subject to evaluation of significant development uncertainty). The amendments in ASU 2025-26 do not (i) amend the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:345.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">accounting for external-use software under Subtopic 985-20, (ii) change the types of internal-use software costs eligible for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">capitalization (e.g., data conversion, training, maintenance costs generally remain expensed), or (iii) modify when</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">capitalization ceases (i.e., when the software is substantially complete and ready for its intended use). The amendments in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">ASU 2025-26 are effective for annual periods beginning after December 15, 2027, and for interim periods within those</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">annual periods. Early adoption is permitted, but only as of the beginning of an annual reporting period. Entities may elect a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">prospective, retrospective, or modified retrospective transition approach. The Company is currently evaluating the impact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:261.62pt">of adopting the standard on the consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:148.2pt">Expense Disaggregation Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:150.73pt">In November 2024, the FASB issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:209.23pt;position:var(--position);text-decoration:none;white-space:pre;width:216.09pt">ASU 2024-03, "Expense Disaggregation Disclosures"</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.32pt;position:var(--position);text-decoration:none;white-space:pre;width:128.13pt">. ASU 2024-03 aims to enhance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">disclosures regarding a public business entity’s expenses, specifically addressing investor requests for more detailed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">information on the types of expenses included in commonly presented expense captions such as cost of sales, selling,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">general and administrative expenses, and research and development. The amendments in ASU 2024-03 require additional</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:507.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">transparency on the breakdown of expenses, including purchases of inventory, team member compensation, depreciation,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:519.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">amortization, and depletion. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:531.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:543.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">amendments may be applied either prospectively to financial statements issued for reporting periods after the effective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">date, or retrospectively to any or all prior periods presented in the financial statements. The Company is currently</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">evaluating the impact of ASU 2024-03 on its financial reporting and will adopt the standard in accordance with the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">required effective date. Subsequent to December 31, 2024, in January 2025 the FASB issued ASU 2025-01 which clarifies</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">the disclosure requirements for public business entities adopting ASU 2024-03. ASU 2025-01 specifies that all public</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">business entities should initially adopt the disclosure requirements presented in ASU 2024-03 in the first annual reporting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">December 15, 2027. The Company is currently evaluating the impact of adopting the standard on the consolidated financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:44.65pt">statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:194.53pt">Recently Adopted Accounting Pronouncements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:165.96pt">Improvements to Income Tax Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.83pt">In December 2023, the FASB issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:229.33pt;position:var(--position);text-decoration:none;white-space:pre;width:324.13pt">ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:723.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:52.74pt">Disclosures”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.24000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:442.25pt">, which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:735.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">2024. As of December 31, 2025, the Company has adopted ASU 2023-09, which was applied on a prospective basis. This</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:405.89pt">guidance only impacts footnote disclosures and will not impact our consolidated financial statements.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:116.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:174.28pt">Improvements to Crypto Assets Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:140pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:151.21pt">In December 2023, the FASB issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:209.71pt;position:var(--position);text-decoration:none;white-space:pre;width:343.79pt">ASU 2023-08, "Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60)"</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">which provides an update to existing crypto asset guidance and requires an entity to measure certain crypto assets at fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:453.5pt">value. In addition, this guidance requires additional disclosures related to crypto assets once it is adopted. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512pt;position:var(--position);text-decoration:none;white-space:pre;width:41.38pt">January 1,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.28pt">, the Company has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.78pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.41pt;position:var(--position);text-decoration:none;white-space:pre;width:364.95pt"> ASU 2023-08. As a result of adopting the amendments, the Company’s cumulative-effect</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">adjustment to the opening balance of retained earnings as of the beginning of the annual reporting period, or as of January</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:87.25pt">1, 2024, amounted to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.75pt;position:var(--position);text-decoration:none;white-space:pre;width:53.87pt">$38.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.62pt;position:var(--position);text-decoration:none;white-space:pre;width:82.51pt">, which consisted of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.13pt;position:var(--position);text-decoration:none;white-space:pre;width:53.87pt">$48.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336pt;position:var(--position);text-decoration:none;white-space:pre;width:148.88pt"> of fair value adjustments offset by a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.88pt;position:var(--position);text-decoration:none;white-space:pre;width:53.87pt">$10.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:538.75pt;position:var(--position);text-decoration:none;white-space:pre;width:14.72pt"> tax</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:212pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:457.2pt">impact related to the fair value adjustments. The Company includes realized and unrealized gains and losses in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.7pt;position:var(--position);text-decoration:none;white-space:pre;width:37.63pt">net (loss)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">income on the consolidated financial statements which is presented separately from changes in the carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:236pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.27pt">other intangible assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:260pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.8pt">Improvements to Reportable Segment Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:284pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.9pt">In November 2023, the FASB issued ASU 2023-07, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:288.4pt;position:var(--position);text-decoration:none;white-space:pre;width:265.05pt">“Segment Reporting (Topic 280): Improvements to Reportable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.76pt">Segment Disclosures”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.26pt;position:var(--position);text-decoration:none;white-space:pre;width:403.13pt">, which is intended to improve reportable segment disclosure requirements, primarily through</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">enhanced disclosures about significant segment expenses. The guidance is effective for fiscal years beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">permitted. The guidance is to be applied retrospectively to all prior periods presented in the financial statements. Upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:356pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">segment expense categories identified and disclosed in the period of adoption. ASU 2023-07 further permits disclosure of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">more than one measure of segment profit or loss and extends the full disclosure requirements of ASC 280 to companies</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">with single reportable segments. This guidance only impacts footnote disclosures and will not impact our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:392pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.85pt">financial results of operations. The Company </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.35pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.98pt;position:var(--position);text-decoration:none;white-space:pre;width:73.33pt"> ASU 2023-07 on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.31pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.85pt;position:var(--position);text-decoration:none;white-space:pre;width:98.49pt"> on a retrospective basis.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Basis of Presentation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:481.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">The Company prepares its consolidated financial statements in conformity with U.S. GAAP. In the opinion of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">management, all adjustments necessary in order to make the consolidated financial statements not misleading have been</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:505.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:36.9pt">included.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:68.82pt">Use of Estimates</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">The preparation of these consolidated financial statements in conformity with U.S. GAAP requires us to make estimates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:568.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">and assumptions that affect the amounts reported in the financial statements and footnotes. Actual results could differ</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">materially from those estimates. Significant estimates inherent in the preparation of the consolidated financial statements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">include depreciation, the recoverability of long-lived assets, useful lives and impairment of long-lived tangible and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">intangible assets, valuation of share-based compensation, valuation of equity warrants, reserves for litigation and other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:248.88pt">contingencies and accounting for income taxes, among others.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:116.58pt">Principles for Consolidation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The accompanying consolidated financial statements include the accounts of the Company and its wholly owned</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:382.84pt">subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:146.03pt">Foreign Currency Translation and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:204.53pt;position:var(--position);text-decoration:none;white-space:pre;width:53.86pt">Transactions</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Assets and liabilities of international subsidiaries whose functional currency is the local currency are translated at the rate</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">of exchange in effect on the consolidated balance sheet date; income and expenses are translated at the average exchange</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">rates prevailing during the period. The effects of these translation adjustments are presented in the consolidated statements</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">of shareholders’ equity and in the consolidated statements of operations and comprehensive (loss) income. Fluctuations in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">the Company’s functional currency from our net investment in the Company’s subsidiaries expose us to foreign currency</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:131.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">translation risk, where changes in foreign currency exchange rates may adversely affect our results of operations upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:143.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.89pt">translation into U.S. Dollars.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Segment Reporting</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:193.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">Operating segments are defined as components of an entity for which separate financial information is available and that is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:205.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">regularly reviewed by the Chief Executive Officer, also known as the Chief Operating Decision Maker (the “CODM”) in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:217.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">deciding how to allocate resources to an individual segment and in assessing performance. The CODM reviews financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:229.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">information presented on a consolidated basis for purposes of making operating decisions, allocating resources and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:241.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:369.39pt">evaluating financial performance. As such, the Company has determined that it operates as </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:427.89pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:442.32pt;position:var(--position);text-decoration:none;white-space:pre;width:96.69pt"> operating segment and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.01pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:253.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">reportable segment. Segment expenses are provided to the CODM on the same basis as disclosed in the consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:265.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">statements of operations and comprehensive (loss) income which are used to evaluate company performance. The CODM</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:277.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">does not evaluate performance or allocate resources based on segment assets, and therefore such information is not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.39pt">presented in the notes to the financial statements.</span></div> 1 1 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Revenue Recognition</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:348.98pt">The Company applies the provisions of Accounting Standards Codification ("ASC") </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:407.48pt;position:var(--position);text-decoration:none;white-space:pre;width:145.93pt">Topic 606, Revenue from Contracts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:63.46pt">with Customers</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:431.42pt"> (“ASC 606”), to determine the measurement of revenue and the timing of when it is recognized. Under</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">ASC 606, revenue is measured as the amount of consideration we expect to be entitled to, in exchange for transferring</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">products or providing services to our customers and is recognized when performance obligations under the terms of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">contracts with our customers are satisfied. ASC 606 prescribes a five-step model for recognizing revenue from contracts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">with customers: (1) identify contract(s) with the customer; (2) identify the separate performance obligations in the contract;</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">(3) determine the transaction price; (4) allocate the transaction price to the separate performance obligations in the contract;</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">and (5) recognize revenue when (or as) each performance obligation is satisfied. Our primary customers are Application</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:384.22pt">Programming Interface Providers ("API Providers") who pay for access to the Exodus Platform.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:460.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Exchange Aggregation, Fiat Onboarding, and Staking Revenue Earned Through an API Provider</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The Company recognizes various amounts charged to API Providers which are based on user interactions conducted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:496.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">through APIs as revenue. Currently, the Company has API agreements with providers of digital asset-to-digital asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:508.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">exchanges, fiat-to-digital asset conversions, and digital asset staking. Under the terms and conditions of the agreements, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:520.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Company and the providers have integrated the APIs into the Exodus Platform. In consideration for the integration by the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">Company of the APIs into the Exodus Platform software, API Providers pay us an API fee for certain user interactions with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">the API Provider. These interactions are typically transactions of services between provider and a user, effected through the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:18.61pt">API.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Exchange Aggregation—There are two main types of contracts with API Providers, transaction-based contracts and tiered</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:592.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">subscription contracts based on volume. The performance obligations under both types of contracts are such that the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Company allows the API Providers to provide software services which permit a user of Exodus’ un-hosted self-custodial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">digital asset software wallet to exchange one digital asset for another digital asset (the “Exchange Services”). The API</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Providers supply an application program interface to permit the Exchange Services to be integrated into the un-hosted self-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">custodial wallet software (the “Exchange API”). Under the terms and conditions of the agreements, the Company and the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:336.31pt">Exchange API Providers have integrated the Exchange APIs into the Exodus wallet.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:676.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">For transaction-based contracts, revenue is recognized when a transaction occurs between a user and the API Provider. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:688.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Company receives from the API Provider a set percentage, per the contract, of the transaction value. As the majority of our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:700.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">revenue is transaction based, our revenue can vary significantly based on the volume of user transactions that occur each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:712.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">day. Because revenue is recognized based on our estimates of the user transaction value (using pricing information from an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:724.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">independent pricing source), network fees, and spread captured by the API Provider, any or all of which may differ from</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:736.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">the actual amounts, there is variable consideration. The Company calculates an expected variable percentage to apply to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">transaction when and as revenue generating activity (in the form of user transactions with API Providers) occurs, which is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">used to calculate the amount recognized. Because a transaction-based contract between the Company and the API Provider</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">represents a series of distinct services, which occur daily, the variable consideration allocation exception allows the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">Company in each case to allocate the consideration related to each individual user transaction to the period in which it is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">earned, since the pricing formula is consistent throughout the period. The variability in transaction price no longer exists</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">after receipt of consideration. The transaction price is based on a percentage of the fair value of assets exchanged and is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.73pt">settled in Bitcoin.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">For tiered subscription contracts, revenue is recognized monthly when the API Provider is invoiced a U.S. dollar amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">based on the user transaction volume tier reached during the corresponding month. The invoice may be settled in an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">amount of either Bitcoin or U.S. Dollar Coin ("USDC"), at the election of the API Provider, equivalent in value to the U.S.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">dollar amount at time of payment. Because the contract is denominated in U.S. dollars and the amount invoiced to and due</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">from the API Provider is a U.S. dollar amount, even if settled in the form other than cash, the consideration is valued as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:201pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">the payment date and revenue is recognized based on the U.S. dollar amount. Because the transaction volume is not known</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:213pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">at the time of contract inception and remains uncertain until the contract period is complete, there is variable consideration.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:225pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">The variable consideration is resolved each month given that the Company invoices its tiered subscription customers in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:237pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:195.87pt">U.S. dollars based on actual volume tier reached.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:261pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The Company has concluded that the contracts do not contain any significant financing components, as either the period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:273pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">between receipt of the funds and the satisfaction of performance obligations is largely within one year. Substantially all of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:285pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:474.15pt">the contracts call for payment to be made in digital assets or USDC and have payment terms that are less than 30 days.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:297pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Fiat onboarding—Fiat on-ramps, powered by API Providers, such as Ramp network, facilitate an effortless exchange for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">users to buy digital assets with fiat currency through bank transfer, credit or debit card and Apple Pay. Users can sell digital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:321pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">assets for fiat currency and transfer to their bank account utilizing our off-ramp, which is currently powered by API</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:333pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">Providers such as MoonPay and Sardine. Exodus receives transaction-based fees from our third-party providers based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:345pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">volume of currency exchanged. As the majority of our revenue is transaction based, our revenue can vary significantly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">based on the volume of user transactions that occur each day. Because revenue is recognized based on our estimates of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:369pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">user transaction value (using pricing information from an independent pricing source), network fees, and spread captured</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">by the API Provider, any or all of which may differ from the actual amounts, there is variable consideration. The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">calculates an expected variable percentage to apply to the transaction when and as revenue generating activity (in the form</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">of user transactions with API Providers) occurs, which is used to calculate the amount recognized. Because a transaction-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">based contract between the Company and the API Provider represents a series of distinct services, which occur daily, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:429pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">variable consideration allocation exception allows the Company in each case to allocate the consideration related to each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">individual user transaction to the period in which it is earned, since the pricing formula is consistent throughout the period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The variability in transaction price no longer exists after receipt of consideration. The transaction price is based on a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:327.37pt">percentage of the fair value of assets exchanged and is settled primarily in USDC.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Staking revenue earned through an API Provider—By participating in blockchain validation through our third-party API</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">Provider, Everstake, users are able to earn rewards by staking supported digital assets held in their Exodus wallets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">According to the design of the underlying network staking protocols, the holder determines the amount of digital assets to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:525pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">stake, retains full control and ownership of the digital assets and can unstake them at any time. Users of the Exodus</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Platform are able to access the Staking app within the Exodus Platform and delegate certain digital assets to participate in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:549pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">staking and receive the resulting rewards. Exodus receives a volume based tiered monthly subscription fee from Everstake.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Because the transaction volume is not known at the time of contract inception, the contract is based by epoch period or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">daily period depending on the digital asset and their network validation rules. The Company has determined that the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">variable consideration is resolved at the end of the period. Revenue is recognized on a monthly basis based on the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:280.25pt">completion of the series of performance obligations during the period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:316.14pt">Consulting and Other Revenue Earned by Exodus or Through an API Provider</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">Consulting and other—The Company recognizes revenue from the provision of consulting and other services based on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:657pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">contractual terms. Revenue from consulting and other primarily consists of transactions for non-fungible tokens. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">Company evaluates the transactions based on whether it controls the digital asset provided before it is transferred to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">users or whether it acts as an agent by arranging for other customers to provide the digital asset to the customer. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Company does not control the digital asset being provided before it is transferred to the buyer, does not have inventory risk</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:705pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">related to the digital asset, and is not responsible for the fulfillment of the digital asset. The Company also does not set the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:717pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">price for the digital asset. The Company’s API Provider agreements and user terms of service along with the self-custodial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:729pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">nature of the product clarify that the responsibility for transactions flowing through the APIs are exclusively the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">responsibility of the API Provider and the user. The Company has determined that for its transaction-based contracts it is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:179.59pt">an agent solely for the purposes of ASC 606.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:108.23pt">Concentration of Revenue</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:339.86pt">Revenue from API Providers exceeding 10% of total revenues for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.36pt;position:var(--position);text-decoration:none;white-space:pre;width:79.98pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.34pt;position:var(--position);text-decoration:none;white-space:pre;width:20.87pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.21pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.21pt;position:var(--position);text-decoration:none;white-space:pre;width:34.17pt"> were as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.75pt">follows:</span></div><div style="position:var(--position);top:143.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company A</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">14,820</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">20,837</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company B</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">18,357</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">20,206</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company C</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">19,434</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">19,931</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company D </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:53.71pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:54.5pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">16,196</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company E</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">18,261</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">12,807</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company F </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:52.050000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">13,161</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:54.5pt;position:var(--position)">—</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:196.88pt">(1) Company did not have over 10% of revenue during the fiscal year 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:196.88pt">(2) Company did not have over 10% of revenue during the fiscal year 2024.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:119.07pt">Concentration of Credit Risk</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The Company maintains its cash and cash equivalents in checking accounts, various investment grade institutional money</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">market accounts, bank term deposits and licensed digital asset exchanges. Deposited funds held with financial institutions</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.27pt">may exceed the </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.77pt;position:var(--position);text-decoration:none;white-space:pre;width:37.5pt">$250,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:391.17pt"> limit insured by the Federal Deposit Insurance Corporation (“FDIC”). Generally, these deposits</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">may be redeemed upon demand and are maintained with financial institutions with reputable credit. The Company has not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">experienced any losses on funds deposited to these accounts and, therefore, does not believe it is exposed to any significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:172.36pt">credit risk with respect to these accounts.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.86pt;position:var(--position);text-decoration:none;white-space:pre;width:322.53pt"> The Company also holds cash at digital asset trading venues and performs a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:513.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:327.68pt">regular assessment of these trading venues as part of its risk management process.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:339.86pt">Revenue from API Providers exceeding 10% of total revenues for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.36pt;position:var(--position);text-decoration:none;white-space:pre;width:79.98pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:478.34pt;position:var(--position);text-decoration:none;white-space:pre;width:20.87pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.21pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:519.21pt;position:var(--position);text-decoration:none;white-space:pre;width:34.17pt"> were as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:32.75pt">follows:</span></div><div style="position:var(--position);top:143.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company A</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">14,820</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">20,837</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company B</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">18,357</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">20,206</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company C</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">19,434</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">19,931</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company D </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:53.71pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:54.5pt;position:var(--position)">—</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">16,196</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company E</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">18,261</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">12,807</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Company F </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:52.050000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">13,161</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:87.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:54.5pt;position:var(--position)">—</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:196.88pt">(1) Company did not have over 10% of revenue during the fiscal year 2025.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:196.88pt">(2) Company did not have over 10% of revenue during the fiscal year 2024.</span></div> 14820000 20837000 18357000 20206000 19434000 19931000 0 16196000 18261000 12807000 13161000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.12pt">Cash and Cash Equivalents</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:316.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Cash and cash equivalents include cash on hand, money market mutual funds and treasury bills with an original maturity of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:328.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.7pt">three months or less.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.42pt">U.S. Dollar Coin</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">USDC is a stablecoin digital asset that is backed by U.S. dollars or other liquid assets and accounted for as a financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.35pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:225.89pt">instrument. USDC can be redeemed for one U.S. Dollar.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Accounts Receivable</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The Company records accounts receivable at the invoiced amount. Accounts receivable are contractual rights to receive</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">payment in the form of digital assets, stable coin, or cash, and are recognized as an asset on the consolidated balance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">sheets. Accounts receivable consists of earned but not yet received revenue accounted for in accordance ASC 606.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Accounts receivable that result in obtaining the right to receive a fixed amount of digital assets in the future are hybrid</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">instruments, consisting of a receivable host contract that is initially measured at the fair value of the underlying digital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:621.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">assets and is subsequently carried at amortized cost, and an embedded forward feature based on the changes in the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:633.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">value of the underlying digital asset. The embedded forward is bifurcated from the host contract and is subsequently</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:645.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:90.97pt">measured at fair value.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:669.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:90.21pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:148.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:20.27pt">ASC </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:168.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:189.09pt">326-20, Financial Instruments – Credit Losses,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.07pt;position:var(--position);text-decoration:none;white-space:pre;width:195.42pt"> to record an allowance for doubtful accounts for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:681.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">receivables based on expected credit losses. In determining expected credit losses, the Company considers historical loss</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:693.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">experience, the aging of its receivable balance, and the term between invoicing and when payment is due. Any accounts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:705.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">receivable balance shall be charged off in the period in which trade receivables are deemed uncollectible. Recoveries of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:302.45pt">trade receivables previously charged off shall be recorded when received. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.95pt;position:var(--position);text-decoration:none;white-space:pre;width:192.49pt">There have been no receivables charged off for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:40.23pt">the period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:98.72999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:47.17pt">s presented.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.82pt">Loans Receivable, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Loans receivable, net are recognized when the Company has a legally enforceable right to receive cash or other financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">assets under the terms of a written loan or promissory note. Loans receivable are initially recorded at the principal amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">advanced and are subsequently carried at amortized cost, net of any allowance for credit losses. The Company evaluates</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:141pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:250.24pt">loans receivable for expected credit losses in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:308.74pt;position:var(--position);text-decoration:none;white-space:pre;width:195.5pt">ASC 326, Financial Instruments—Credit Losses,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.24pt;position:var(--position);text-decoration:none;white-space:pre;width:49.16pt"> and records</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:434.97pt">an allowance for credit losses when necessary based on management’s assessment of expected collectability.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Interest income is recognized using the effective interest method. Loan origination fees received, net of certain direct loan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">origination costs, are deferred as an adjustment to the carrying value of the related loans and amortized into interest income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">over the estimated life of the loans. Contractual exit fees associated with loans receivable are accounted for as adjustments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:211.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">to yield and amortized into interest income using the effective interest method over the expected term of the loans. For</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:223pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">loans that provide for the capitalization of interest, accrued interest is added to the carrying value of the loan receivable in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:398.82pt">accordance with the contractual terms and is not separately presented as accrued interest receivable.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.8pt">Convertible Note Receivable</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:195.51pt">In November 2025, the Company entered into a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:254.01pt;position:var(--position);text-decoration:none;white-space:pre;width:49.11pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:303.12pt;position:var(--position);text-decoration:none;white-space:pre;width:250.34pt"> convertible loan agreement with an unrelated third party. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:449.29pt">convertible note is accounted for as a note receivable within other long-term assets, in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:507.79pt;position:var(--position);text-decoration:none;white-space:pre;width:45.55pt">ASC 310 -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:50.18pt">Receivables,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.68pt;position:var(--position);text-decoration:none;white-space:pre;width:444.73pt"> on the Company's balance sheet and is recorded at amortized cost which approximates its fair value. The note</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.51pt">accrues interest at a rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:169.01pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">0.50%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:194.84pt;position:var(--position);text-decoration:none;white-space:pre;width:358.49pt"> per annum above the 12-month EURIBOR, with interest beginning to accrue on January</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:117pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">1, 2027. The convertible note has a contractual maturity date of October 31, 2027, unless earlier converted in accordance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:129pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:129.27pt">with the terms of the agreement.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:153pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The convertible note includes conversion features that permit the outstanding principal and accrued interest to be converted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:165pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">into equity, of the unrelated third party, upon the occurrence of specified events, including (i) a qualifying equity financing,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:177pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:485.43pt">(ii) an exit event, or (iii) at the election of the Company, if no qualifying financing has occurred, upon maturity. T</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:543.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:9.43pt">he</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">conversion price component varies by each trigger event: in the event of a new financing round, it is the lowest fully-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:201pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:157.25pt">diluted price per share multiplied by a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.75pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">80.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.58pt;position:var(--position);text-decoration:none;white-space:pre;width:7.89pt"> d</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:249.47pt;position:var(--position);text-decoration:none;white-space:pre;width:67.92pt">iscount multiple </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.39pt;position:var(--position);text-decoration:none;white-space:pre;width:164.44pt">subject to a contractual valuation cap of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.83pt;position:var(--position);text-decoration:none;white-space:pre;width:54.24pt">€15.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.0699999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:17.32pt">; for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:213pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">an exit event, it is the lower of the cap-based fully-diluted ("FD") price or the actual FD price in the exit; and for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:225pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:210.25pt">conversion on request, it is the cap-based FD price. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:268.75pt;position:var(--position);text-decoration:none;white-space:pre;width:25.1pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.85pt;position:var(--position);text-decoration:none;white-space:pre;width:79.2pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:373.05pt;position:var(--position);text-decoration:none;white-space:pre;width:180.43pt">, the carrying amount of the convertible note</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:237pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:61.56pt">receivable was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:120.06pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.91pt;position:var(--position);text-decoration:none;white-space:pre;width:198.66pt">, and no allowance for credit losses was recorded.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:108.25pt">Fair Value Measurements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Fair value is the price that would be received upon sale of an asset or paid to transfer a liability in an orderly transaction</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">between market participants at the measurement date. The following fair value hierarchy is used in selecting inputs, with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:324.3pt">the highest priority given to Level 1, as these are the most transparent or reliable:</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:328.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:269.37pt">Level 1 – Quoted prices for identical instruments in active markets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:454.5pt">Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:454.43pt">instruments in markets that are not active; and model-derived valuations in which all significant inputs are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:364.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:116.5pt">observable in active markets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:376.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:454.4pt">Level 3 – Valuations derived from valuation techniques in which one or more significant inputs are not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:99pt;position:var(--position);text-decoration:none;white-space:pre;width:45.78pt">observable.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">Prices may fall within Level 1, 2 or 3 depending upon the methodology and inputs used to estimate fair value for each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">specific security. In general, securities are priced using third-party pricing services. Securities not priced by pricing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">services are submitted to independent brokers for valuation and, if those are not available, internally developed pricing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:448.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">models are used to value assets using a methodology and inputs that market participants presumably would use to value the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:460.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">assets. Prices obtained from third-party pricing services or brokers are not adjusted. Subsequent to the adoption of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:472.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">Accounting Standards Update ("ASU") 2023-08, the fair value of each digital asset is based on quoted (unadjusted) prices</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:484.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:431.61pt">in the principal market for each digital asset. Such prices are based on Level 1 inputs in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:490.11pt;position:var(--position);text-decoration:none;white-space:pre;width:63.27pt">ASC 820 - Fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:496.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.19pt">Value Measurement</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.69pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.39pt">Investments</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:544.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The Company determines the classification of investments at the time of purchase and evaluates such classification at each</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:556.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">balance sheet date. Investments over which the Company exercises significant influence, but does not control, are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:568.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">accounted for using the equity method of accounting. Investments over which the Company does not exercise significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:580.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:189.44pt">influence are accounted for in accordance with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:247.94pt;position:var(--position);text-decoration:none;white-space:pre;width:166.76pt">ASC 321, Investments—Equity Securities </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:414.7pt;position:var(--position);text-decoration:none;white-space:pre;width:54.26pt">("ASC 321").</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:604.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:25.54pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:84.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:79.64pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:163.68pt;position:var(--position);text-decoration:none;white-space:pre;width:389.82pt">, the Company held (i) investments in Simple Agreements for Future Equity (“SAFEs”) and (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:161.15pt">one investment in an equity security.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.65pt;position:var(--position);text-decoration:none;white-space:pre;width:333.72pt"> The SAFEs represent contractual rights to acquire equity interests upon the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">occurrence of specified future events and do not provide the Company with voting rights, governance rights, or the ability</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">to exercise significant influence over the issuers. Accordingly, the SAFEs are accounted for as cost method investments</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.39pt">and are included </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:127.89pt;position:var(--position);text-decoration:none;white-space:pre;width:28.32pt">within </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.20999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:397.2pt">other long-term assets on the consolidated balance sheets. The Company’s investment in an equity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">security is accounted for in accordance with ASC 321 which is measured at fair value. Changes in the equity security fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">value is recognized in other losses, net on the consolidated statement of operations and comprehensive (loss) income and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">the equity security is included within other long-term assets on the consolidated balance sheets. The Company evaluates its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">investments for impairment at each balance sheet date. An impairment loss is recognized when the carrying amount</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:377.8pt">exceeds estimated fair value and the decline in value is determined to be other than temporary.</span></div> 100000 0.0050 0.800 15000000.0 100000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Variable Interest Entity</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">The Company evaluates its involvement with legal entities to determine whether the entity is a variable interest entity</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:298.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">("VIE") and whether consolidation is required under applicable accounting guidance. An entity is considered a VIE when,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:309.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">among other factors, (i) the equity investment at risk is not sufficient to permit the entity to finance its activities without</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:321.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">additional subordinated financial support or (ii) the equity holders at risk lack the characteristics of a controlling financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">interest. If the Company has a variable interest in a VIE, it assesses whether it is the primary beneficiary. The primary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">beneficiary is the party that has both (i) the power to direct the activities that most significantly impact the VIE's economic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:355.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">performance and (ii) the obligation to absorb losses or the right to receive benefits that could potentially be significant to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">the VIE. In assessing whether it has the power to direct the activities that most significantly impact a VIE's economic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">performance, the Company evaluates the substance of its contractual arrangements, governance rights, and decision-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">making authority. Rights that are designed solely to protect the Company's interests, without providing substantive</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">decision-making ability, are not considered indicators of power. If the Company determines that it is not the primary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">beneficiary of a VIE, the entity is not consolidated and the Company accounts for its involvement in accordance with other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:128.42pt">applicable accounting guidance.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Fixed Assets, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:468.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">Fixed assets are recorded at cost and are depreciated on a straight-line basis over the estimated useful lives of the respective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:480.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">assets. Maintenance and repairs are charged to expense as incurred; major renewals and betterments are capitalized and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:492.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:48.52pt">depreciated.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.33pt">Digital Assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:542.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:39.36pt">Effective </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.86pt;position:var(--position);text-decoration:none;white-space:pre;width:64.12pt">January 1, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:59.64pt">, the company </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:221.62pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.25pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:256.02pt;position:var(--position);text-decoration:none;white-space:pre;width:237.55pt">ASU 2023-08, Improvements to Crypto Assets Disclosures.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:493.57pt;position:var(--position);text-decoration:none;white-space:pre;width:59.93pt"> The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:554.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">presents digital assets separately from other intangible assets, recorded as digital assets on the consolidated balance sheets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:566.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">The net activity from remeasurement of digital assets at fair value is reflected in the consolidated statements of operations</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:578.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">and comprehensive (loss) income within expense (income). Digital assets that are received as noncash consideration in our</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:590.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">revenue arrangements and sold for cash within seven days are presented as cash flows from operating activities in other</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:602.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">operating activities settled in digital assets and USDC, while other digital asset activity held longer than seven days is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:614.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">reflected as cash flows from investing activities under disposal of digital assets held in the consolidated statements of cash</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:626.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">flows. The Company uses a mix of non-custodial and custodial services at multiple locations that are geographically</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:638.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:460.08pt">dispersed to store its digital assets. The Company has performed an analysis of the principal market. Refer to "</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:518.5799999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:27.93pt">Note 6</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:546.51pt;position:var(--position);text-decoration:none;white-space:pre;width:6.84pt"> -</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:650.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.44pt">Intangible Assets", and "</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.94pt;position:var(--position);text-decoration:none;white-space:pre;width:32.34pt">Note 13</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.28pt;position:var(--position);text-decoration:none;white-space:pre;width:362.1pt"> - Fair Value Measurements", for additional information. The Company has ownership of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:662.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:353.74pt">and control over its digital assets. The cost basis is calculated on a first-in first-out basis.</span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.85pt">Indefinite-Lived Intangible Assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:191.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.46pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:383.48pt">ASC 350-30, Intangibles-Goodwill and Other, General Intangibles Other Than Goodwill,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.44pt;position:var(--position);text-decoration:none;white-space:pre;width:13.03pt"> in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:203.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">analyzing the Company’s indefinite-lived assets. Indefinite-lived assets, primarily the Company’s domain name, are not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:215.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">amortized but are evaluated annually for impairment and whenever events or changes in circumstances indicate that the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:227.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:234.87pt">carrying amount of the asset may exceed its fair value. I</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:293.37pt;position:var(--position);text-decoration:none;white-space:pre;width:260.09pt">f the carrying value of an indefinite-lived asset exceeds its fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:239.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.81pt">value, an impairment charge is recognized in an amount equal to that excess.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:263.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:107.09pt">Definite-Lived Intangible </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:165.59pt;position:var(--position);text-decoration:none;white-space:pre;width:25.53pt">Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:289.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.46pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:383.48pt">ASC 350-30, Intangibles-Goodwill and Other, General Intangibles Other Than Goodwill,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:540.44pt;position:var(--position);text-decoration:none;white-space:pre;width:13.03pt"> in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:300.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">analyzing the Company’s definite-lived assets. The Company's intangible assets consist primarily of technology in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">development, an assembled workforce, and trade names. These intangible assets were capitalized at fair market value and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:323.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:211.92pt">are being amortized over their estimated useful lives.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:113.77pt">Software Development Cost</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:713.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.95pt">The Company applies </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:156.45pt;position:var(--position);text-decoration:none;white-space:pre;width:320.39pt">ASC 985-20, Software-Costs of Software to Be Sold, Leased, or Marketed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.84pt;position:var(--position);text-decoration:none;white-space:pre;width:76.57pt">, in analyzing the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:725.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">Company’s software development costs. ASC 985-20 requires the capitalization of certain software development costs</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:737.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">subsequent to the establishment of technological feasibility for a software product in development. Software development</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:392.63pt">costs associated with establishing technological feasibility are expensed as incurred. We apply A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:451.13pt;position:var(--position);text-decoration:none;white-space:pre;width:102.28pt">SC 350-40, Intangibles—</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:183.6pt">Goodwill and Other—Internal Use Software</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.1pt;position:var(--position);text-decoration:none;white-space:pre;width:311.28pt">, in the review of certain system projects. These system projects generally</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">relate to software not hosted on our users’ systems (as defined in ASC 350-40), where the user has no access to source</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:362.47pt">code, and it is infeasible for the user to operate the software themselves without Exodus s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.97pt;position:var(--position);text-decoration:none;white-space:pre;width:132.36pt">ervers in place. In these reviews,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">all costs incurred during the preliminary project planning stages are expensed as incurred. Amortization of capitalized</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:105pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">software development costs are included in technology, development and user support in the consolidated statements of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:181.24pt">operations and comprehensive (loss) income.</span> 200000 300000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Impairment of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:120.68pt;position:var(--position);text-decoration:none;white-space:pre">Long-Lived </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:170.9pt;position:var(--position);text-decoration:none;white-space:pre">Assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">The Company reviews its long-lived assets, currently consisting of indefinite-lived intangible assets and definite-lived</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:378.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">intangible assets for impairment whenever events or changes in circumstances indicate the carrying amount of the asset</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:390.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">may not be recoverable. Recoverability of assets to be held and used is measured by comparison of the carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">an asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">amount of the asset exceeds the fair value of the asset. Significant management judgment is required to determine the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">value of our long-lived assets and measure impairment, which includes projected cash flows. Fair value is determined by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">using various valuation techniques, including discounted cash flow models, sales of comparable properties and third-party</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">independent appraisals. Changes in estimated fair value could result in an impairment of the asset. There were no material</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:470.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:227.87pt">impairment charges recorded for the periods reported. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:286.37pt;position:var(--position);text-decoration:none;white-space:pre;width:267.03pt">The Company performs its annual impairment test of long-lived</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:482.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:189.24pt">assets as of December 31 and determined that </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:247.74pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.74pt;position:var(--position);text-decoration:none;white-space:pre;width:295.68pt"> impairment existed for the Company’s long-lived assets the years ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:493.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:113pt">Share-based Compensation</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:541pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">Under the Company’s share-based compensation plans, certain team members, members of the Company’s Board, and its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:553pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:456.76pt">consultants have received grants of restricted stock units (“RSUs”) for Exodus Movement Class A common stock.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:577pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:349.49pt">The Company accounts for RSUs as equity classified awards. For RSUs, the expense </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.99pt;position:var(--position);text-decoration:none;white-space:pre;width:145.48pt">is measured based on the grant-date</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:588.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">fair value and is recognized over the requisite service period for each vesting tranche of awards expected to vest, with</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:600pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:323.97pt">forfeitures estimated based on historical experience and future expectations. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.47pt;position:var(--position);text-decoration:none;white-space:pre;width:171.03pt">Share-based compensation is included in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:611.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:393.44pt">expenses (income) on the consolidated statements of operations and comprehensive (loss) income.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:633pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Warrant Valuations</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:655pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">During fiscal year 2025, in connection with certain agreements, the company issued warrants to purchase shares of its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:666.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">common stock. The company measures the fair value of the warrants using the Black-Scholes option pricing model as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:678pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:451.03pt">the issuance date. Exercisable warrants are equity based and recorded as a reduction in additional paid-in capital.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:509.53pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:699.5pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt"><span style="background-color:inherit">The material factors incorporated in the Black-Scholes model in estimating the fair value of the options and warrants</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.5pt"><span style="background-color:inherit">granted for the periods presented were as follows:</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt"><span style="background-color:inherit">•</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:97.54pt"><span style="background-color:inherit">Expected dividend yield</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:192.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:8.77pt"><span style="background-color:inherit"> - </span></span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.81pt;position:var(--position);text-decoration:none;white-space:pre;width:352.62pt">The expected dividend is assumed to be zero as we have never paid dividends and have</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:241.76pt">no current plans to pay any dividends on our common stock.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:123.51pt"><span style="background-color:inherit">Expected stock-price volatility</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:218.01pt;position:var(--position);text-decoration:none;white-space:pre;width:335.42pt"><span style="background-color:inherit"> - The expected volatility is derived from the historical volatility of the Company's</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.84pt"><span style="background-color:inherit">stock as there are no other publicly traded companies within our industry that we consider to be comparable over a</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:196.12pt"><span style="background-color:inherit">period approximately equal to the expected term.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:109pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt">•</span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:87.14pt"><span style="background-color:inherit">Risk-free interest rate</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:181.64pt;position:var(--position);text-decoration:none;white-space:pre;width:371.8pt"><span style="background-color:inherit"> - The risk-free interest rate is based on the U.S. Treasury yield in effect at the time of grant</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:121pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:378.44pt"><span style="background-color:inherit">for zero coupon U.S. Treasury notes with maturities approximately equal to the expected term.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt"><span style="background-color:inherit">•</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:59.43pt"><span style="background-color:inherit">Expected term</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.93pt;position:var(--position);text-decoration:none;white-space:pre;width:399.43pt"><span style="background-color:inherit"> - The expected term represents the period that the awards are expected to be outstanding. Our</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.99pt"><span style="background-color:inherit">historical warrant exercise experience does not provide a reasonable basis upon which to estimate an expected</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:159pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.93pt"><span style="background-color:inherit">term because of a lack of sufficient data. Therefore, we estimate the expected term by using the simplified method</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:458.86pt"><span style="background-color:inherit">provided by the SEC. The simplified method calculates the expected term as the average of the time-to-vesting</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:151.75pt"><span style="background-color:inherit">and the contractual life of the options.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:197pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;white-space:pre;width:3.5pt"><span style="background-color:inherit">•</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:underline;white-space:pre;width:80.32pt"><span style="background-color:inherit">Fair value per share</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.82pt;position:var(--position);text-decoration:none;white-space:pre;width:378.59pt"><span style="background-color:inherit"> - The fair value per share is the fair price or theoretical value for a call or a put option based</span></span><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"><span style="background-color:inherit"> </span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:209pt;width:612pt"><span style="background-color:#ffffff;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;white-space:pre;width:433.94pt"><span style="background-color:inherit">on six variables such as volatility, type of option, underlying stock price, time, strike price and risk-free rate.</span></span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(Loss) Earnings Per Share </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The Company computes net (loss) income per share using the two-class method required for participating securities. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">two-class method requires income available to common shareholders for the period to be allocated between common stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:282.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">and participating securities based upon their respective rights to receive dividends as if all income for the period had been</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:294.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">distributed. The Company’s Class A and Class B common stock were deemed participating securities. Basic net (loss)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:306.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">income per share is computed using the weighted-average number of outstanding shares of common stock during the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:318.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">period. Diluted net (loss) income per share is computed using the weighted-average number of outstanding shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:330.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">common stock and, when dilutive, potential shares of common stock outstanding during the period. Potential shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:342.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:479.53pt">common stock consist of incremental shares issuable upon the exercise of stock options, warrants, and vesting of RSUs.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Income Taxes</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:166.58pt">The Company applies the provisions of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:225.08pt;position:var(--position);text-decoration:none;white-space:pre;width:98.84pt">ASC 740, Income Taxes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.92pt;position:var(--position);text-decoration:none;white-space:pre;width:229.54pt">. Under ASC 740, deferred tax assets and liabilities are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:405.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">determined based on differences between the financial statement carrying amounts and tax bases of assets and liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:417.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">and are measured using the enacted tax rates that are expected to apply to taxable income in the years in which those</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:429.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">temporary differences are expected to be recovered or settled. The effect of a change in tax rates is recognized in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">statements of operations and comprehensive (loss) income in the period that includes the enactment date. The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:459.38pt">records valuation allowances to reduce its deferred tax assets to the amount that is more likely than not be realized.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">In accordance with ASC 740, the Company recognizes, in its consolidated financial statements, the impact of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:488.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">Company's tax positions that are more likely than not to be sustained upon examination. The Company will determine</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">whether it is more likely than not that a tax position will be sustained upon examination, including resolution of any related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:511.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">appeals or litigation processes, based on the technical merits of the position. In evaluating whether a tax position has met</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">the more-likely-than-not recognition threshold, the Company presumes that the position will be examined by the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:534.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">appropriate taxing authority with full knowledge of all relevant information. Upon determination that a tax position meets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:546.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">the more-likely-than-not recognition threshold, it is measured to determine the amount of benefit to recognize in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:557.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:474.65pt">financial statements. The Company recognizes interest and penalties for uncertain tax positions in income tax expense.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">On July 4, 2025, the “One Big Beautiful Bill Act” (P.L. 119‑21) was enacted into law. The legislation reinstates and extends</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:590.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:341.14pt">several provisions of the 2017 Tax Cuts and Jobs Act, including permanent </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.64pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">100%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:422.97pt;position:var(--position);text-decoration:none;white-space:pre;width:130.42pt"> bonus depreciation, enhanced</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:602.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">Section 179 expensing, full research and development expense deduction for domestic expenditures and modification to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:613.7pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">international tax framework. We are currently assessing its impact on our consolidated financial statements. The primary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:625.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">impact of the legislation is the acceleration of deductions related to research and development costs incurred in the U.S.,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:451.93pt">which did not have a material impact on the Company’s effective tax rate for the year ended December 31, 2025.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Asset Acquisitions</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:684pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">When an acquisition does not meet the definition of a business combination because either: (i) substantially all of the fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:695.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">value of the gross assets acquired is concentrated in a single identifiable asset, or group of similar identified assets, or (ii)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:707pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">the acquired entity does not have an input and a substantive process that together significantly contribute to the ability to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:718.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">create outputs, we account for the acquisition as an asset acquisition. In an asset acquisition, goodwill is not recognized, but</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:730pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">rather, any excess purchase consideration over the fair value of the net assets acquired is allocated on a relative fair value</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">basis to the identifiable net assets as of the acquisition date and any direct acquisition-related transaction costs are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">capitalized as part of the purchase consideration. Purchase consideration is allocated to the tangible and intangible assets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">acquired and liabilities assumed based on the estimated fair values as of the acquisition date, which are measured in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:263.1pt">accordance with fair value measurement accounting principles. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:321.6pt;position:var(--position);text-decoration:none;white-space:pre;width:74.71pt">The determination</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:396.31pt;position:var(--position);text-decoration:none;white-space:pre;width:157.06pt"> of fair value requires management to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:91pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">make estimates about discount rates, future expected cash flows, market conditions and other future events that are highly</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:102.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">subjective in nature. For information on the acquisition that we completed during the year ended December 31, 2025 that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:287.35pt">we accounted for as asset acquisitions, see "Note 6 - Intangible Assets.”</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:135.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">On November 10, 2025, the Company acquired substantially all of the assets of Gratitud Interna Ltd., a Latin American</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:147.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:252.96pt">crypto payments platform. The aggregate purchase price was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:49.71pt">$2.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.17pt;position:var(--position);text-decoration:none;white-space:pre;width:128.33pt"> excluding transaction costs of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:489.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.71pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:539.21pt;position:var(--position);text-decoration:none;white-space:pre;width:14.19pt">, of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:159.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.4pt">which </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.9pt;position:var(--position);text-decoration:none;white-space:pre;width:49.33pt">$1.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:90.57pt"> was paid in cash and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.8pt;position:var(--position);text-decoration:none;white-space:pre;width:49.33pt">$1.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.13pt;position:var(--position);text-decoration:none;white-space:pre;width:278.35pt"> was delivered in newly issued Class A shares. The Company issued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:171.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.5pt">55,825</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86pt;position:var(--position);text-decoration:none;white-space:pre;width:467.43pt"> shares of Class A common stock, based on the 60-day volume-weighted average price of the Company’s Class A</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:183.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">common stock as of that date. This asset purchase expanded our payments capabilities by adding technology in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:195.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">development, an assembled workforce, and a trade name supporting crypto-based merchant transactions in the Latin</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:67.11pt">America market.</span> 2700000 100000 1500000 1200000 55825 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:264.51pt">Recently Issued Accounting Pronouncements Pending Adoption</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:251.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:273.9pt">Targeted Improvements to the Accounting for Internal-Use Software</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:276.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:331.26pt">In September 2025, the Financial Accounting Standards Board (“FASB”) issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:389.76pt;position:var(--position);text-decoration:none;white-space:pre;width:163.71pt">ASU 2025-06, “Intangibles — Goodwill</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:288.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">and Other — Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:299.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:35.52pt">Software</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:94.02000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:459.4pt">”. The amendments in ASU 2025-26 (i) remove all references to prescriptive software development “project</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:311.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">stages,” (ii) refocus the capitalization threshold such that an entity begins capitalizing when (a) management authorizes and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">commits to funding the project and (b) it is probable that the project will be completed and used for its intended function</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:334.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">(subject to evaluation of significant development uncertainty). The amendments in ASU 2025-26 do not (i) amend the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:345.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">accounting for external-use software under Subtopic 985-20, (ii) change the types of internal-use software costs eligible for</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:357.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">capitalization (e.g., data conversion, training, maintenance costs generally remain expensed), or (iii) modify when</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">capitalization ceases (i.e., when the software is substantially complete and ready for its intended use). The amendments in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">ASU 2025-26 are effective for annual periods beginning after December 15, 2027, and for interim periods within those</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">annual periods. Early adoption is permitted, but only as of the beginning of an annual reporting period. Entities may elect a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">prospective, retrospective, or modified retrospective transition approach. The Company is currently evaluating the impact</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:414.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:261.62pt">of adopting the standard on the consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:436.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:148.2pt">Expense Disaggregation Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:459.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:150.73pt">In November 2024, the FASB issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:209.23pt;position:var(--position);text-decoration:none;white-space:pre;width:216.09pt">ASU 2024-03, "Expense Disaggregation Disclosures"</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:425.32pt;position:var(--position);text-decoration:none;white-space:pre;width:128.13pt">. ASU 2024-03 aims to enhance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">disclosures regarding a public business entity’s expenses, specifically addressing investor requests for more detailed</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">information on the types of expenses included in commonly presented expense captions such as cost of sales, selling,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">general and administrative expenses, and research and development. The amendments in ASU 2024-03 require additional</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:507.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">transparency on the breakdown of expenses, including purchases of inventory, team member compensation, depreciation,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:519.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">amortization, and depletion. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:531.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:543.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">amendments may be applied either prospectively to financial statements issued for reporting periods after the effective</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">date, or retrospectively to any or all prior periods presented in the financial statements. The Company is currently</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:567.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">evaluating the impact of ASU 2024-03 on its financial reporting and will adopt the standard in accordance with the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:579.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">required effective date. Subsequent to December 31, 2024, in January 2025 the FASB issued ASU 2025-01 which clarifies</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:591.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">the disclosure requirements for public business entities adopting ASU 2024-03. ASU 2025-01 specifies that all public</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:603.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">business entities should initially adopt the disclosure requirements presented in ASU 2024-03 in the first annual reporting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:615.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">period beginning after December 15, 2026, and interim reporting periods within annual reporting periods beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:627.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">December 15, 2027. The Company is currently evaluating the impact of adopting the standard on the consolidated financial</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:44.65pt">statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:663.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:194.53pt">Recently Adopted Accounting Pronouncements</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:687.94pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:165.96pt">Improvements to Income Tax Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:711.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.83pt">In December 2023, the FASB issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:229.33pt;position:var(--position);text-decoration:none;white-space:pre;width:324.13pt">ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:723.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:52.74pt">Disclosures”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:111.24000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:442.25pt">, which modifies the rules on income tax disclosures to require entities to disclose (1) specific categories in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:735.44pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">the rate reconciliation, (2) the income or loss from continuing operations before income tax expense or benefit (separated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">between domestic and foreign) and (3) income tax expense or benefit from continuing operations (separated by federal,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">state and foreign). ASU 2023-09 also requires entities to disclose their income tax payments to international, federal, state</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">and local jurisdictions, among other changes. The guidance is effective for annual periods beginning after December 15,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">2024. As of December 31, 2025, the Company has adopted ASU 2023-09, which was applied on a prospective basis. This</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:93pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:405.89pt">guidance only impacts footnote disclosures and will not impact our consolidated financial statements.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:464.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:116.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:174.28pt">Improvements to Crypto Assets Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:140pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:151.21pt">In December 2023, the FASB issued </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:209.71pt;position:var(--position);text-decoration:none;white-space:pre;width:343.79pt">ASU 2023-08, "Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60)"</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:152pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">which provides an update to existing crypto asset guidance and requires an entity to measure certain crypto assets at fair</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:164pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:453.5pt">value. In addition, this guidance requires additional disclosures related to crypto assets once it is adopted. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:512pt;position:var(--position);text-decoration:none;white-space:pre;width:41.38pt">January 1,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:176pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.28pt">, the Company has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.78pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:188.41pt;position:var(--position);text-decoration:none;white-space:pre;width:364.95pt"> ASU 2023-08. As a result of adopting the amendments, the Company’s cumulative-effect</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:188pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">adjustment to the opening balance of retained earnings as of the beginning of the annual reporting period, or as of January</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:200pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:87.25pt">1, 2024, amounted to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:145.75pt;position:var(--position);text-decoration:none;white-space:pre;width:53.87pt">$38.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:199.62pt;position:var(--position);text-decoration:none;white-space:pre;width:82.51pt">, which consisted of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:282.13pt;position:var(--position);text-decoration:none;white-space:pre;width:53.87pt">$48.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:336pt;position:var(--position);text-decoration:none;white-space:pre;width:148.88pt"> of fair value adjustments offset by a </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:484.88pt;position:var(--position);text-decoration:none;white-space:pre;width:53.87pt">$10.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:538.75pt;position:var(--position);text-decoration:none;white-space:pre;width:14.72pt"> tax</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:212pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:457.2pt">impact related to the fair value adjustments. The Company includes realized and unrealized gains and losses in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:515.7pt;position:var(--position);text-decoration:none;white-space:pre;width:37.63pt">net (loss)</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">income on the consolidated financial statements which is presented separately from changes in the carrying amount of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:236pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.27pt">other intangible assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:260pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.8pt">Improvements to Reportable Segment Disclosures</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:284pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:229.9pt">In November 2023, the FASB issued ASU 2023-07, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:288.4pt;position:var(--position);text-decoration:none;white-space:pre;width:265.05pt">“Segment Reporting (Topic 280): Improvements to Reportable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:91.76pt">Segment Disclosures”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.26pt;position:var(--position);text-decoration:none;white-space:pre;width:403.13pt">, which is intended to improve reportable segment disclosure requirements, primarily through</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:308pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">enhanced disclosures about significant segment expenses. The guidance is effective for fiscal years beginning after</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Early adoption is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:332pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">permitted. The guidance is to be applied retrospectively to all prior periods presented in the financial statements. Upon</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">transition, the segment expense categories and amounts disclosed in the prior periods should be based on the significant</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:356pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">segment expense categories identified and disclosed in the period of adoption. ASU 2023-07 further permits disclosure of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:368pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">more than one measure of segment profit or loss and extends the full disclosure requirements of ASC 280 to companies</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:380pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">with single reportable segments. This guidance only impacts footnote disclosures and will not impact our consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:392pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:182.85pt">financial results of operations. The Company </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:241.35pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.98pt;position:var(--position);text-decoration:none;white-space:pre;width:73.33pt"> ASU 2023-07 on </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.31pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:424.85pt;position:var(--position);text-decoration:none;white-space:pre;width:98.49pt"> on a retrospective basis.</span></div> 38300000 48700000 10400000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Revenue Recognition</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:442.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">The following table presents the Company’s revenues disaggregated by geography, based on the addresses of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.39pt">Company’s customers for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.89pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.43pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.86pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:478.4pt;width:612pt"><div style="font-size:0pt;left:58.87pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:212.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:212.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:212.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:111.04pt">(in thousands, except percentages)</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:61.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:61.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Republic of the Marshall Islands</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">31,311</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">25.7<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">36,128</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">31.1<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hong Kong</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">27,412</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:40.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">22.6<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">24,769</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:40.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">21.3<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">British Virgin Islands</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">20,449</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:55.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">16.8<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">19,282</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:55.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">16.6<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Seychelles</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">14,820</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:70.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">12.2<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">20,837</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:70.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">17.9<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Saint Vincent and Grenadines</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:122.21pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">13,268</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:85.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">10.9<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,494</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:85.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:46.34pt;position:var(--position)"></span><span style="left:46.34pt;position:var(--position)">4.7<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:25.38pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">14,291</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:100.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">11.8<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">9,762</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:100.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:46.34pt;position:var(--position)"></span><span style="left:46.34pt;position:var(--position)">8.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Revenues</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:115.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">121,551</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:115.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.34pt;position:var(--position)"></span><span style="left:36.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:115.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">116,272</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:115.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.34pt;position:var(--position)"></span><span style="left:36.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:619.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:389pt">Saint Vincent and Grenadines did not have over 10% of revenue during the fiscal year 2024, prior year balances provided for comparability purposes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:194.7pt">No other individual country accounted for more than 10% of total revenue.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">The following table presents the Company’s revenues disaggregated by products and services for the years ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:58.87pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:224.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:224.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except percentages)</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exchange aggregation</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">110,705</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:35.34pt;position:var(--position)"></span><span style="left:35.34pt;position:var(--position)">91.1<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">107,101</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:35.34pt;position:var(--position)"></span><span style="left:35.34pt;position:var(--position)">92.1<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fiat onboarding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,046</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">4.2<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">3,941</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">3.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Staking</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,350</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">3.6<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,284</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">2.0<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">910</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">0.7<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,307</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">1.1<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Othe</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.05pt;position:var(--position);text-decoration:none;white-space:pre">r</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:25.38pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">540</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">0.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,639</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">1.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Revenues</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">121,551</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.34pt;position:var(--position)"></span><span style="left:30.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">116,272</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.34pt;position:var(--position)"></span><span style="left:30.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:207.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:39.65pt">Other includes </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:134.15pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:31.74pt">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:165.89pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:12.62pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:178.51pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:31.74pt">$1.5 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:210.25pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:152.13pt"> related to non-fungible token revenue for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:362.38pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:51.03pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:413.41pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:12.62pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:426.03pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:13pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:439.03pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:36.21pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:231.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:392.21pt">The following table presents the Company's contract balances as of December 31, 2025 and 2024:</span></div><div style="position:var(--position);top:253pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:410.25pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:410.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:410.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance January 1, 2024</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">727<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prior period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:27.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:59.71pt"></span></span><span style="left:62.34pt;position:var(--position)">(727)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase in contract liability</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:42.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.04pt"></span></span><span style="left:65.67pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:64.71pt"></span></span><span style="left:67.33999999999999pt;position:var(--position)">(88)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance December 31, 2024</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:72.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.04pt"></span></span><span style="left:70.67pt;position:var(--position)">12<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prior period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:87.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:64.71pt"></span></span><span style="left:67.33999999999999pt;position:var(--position)">(12)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase in contract liability</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:102.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.04pt"></span></span><span style="left:70.67pt;position:var(--position)">71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:117.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:64.71pt"></span></span><span style="left:67.33999999999999pt;position:var(--position)">(71)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:132.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.04pt"></span></span><span style="left:70.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">The following table presents the Company’s revenues disaggregated by geography, based on the addresses of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:170.39pt">Company’s customers for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.89pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:307.43pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:326.86pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.86pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:478.4pt;width:612pt"><div style="font-size:0pt;left:58.87pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:212.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:212.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:212.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:111.04pt">(in thousands, except percentages)</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:61.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);width:139.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:139.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:61.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Republic of the Marshall Islands</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">31,311</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">25.7<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">36,128</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">31.1<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Hong Kong</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">27,412</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:40.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">22.6<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">24,769</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:40.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">21.3<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">British Virgin Islands</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">20,449</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:55.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">16.8<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">19,282</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:55.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">16.6<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Seychelles</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">14,820</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:70.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">12.2<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">20,837</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:70.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">17.9<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Saint Vincent and Grenadines</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:122.21pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">13,268</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:85.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">10.9<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,494</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:85.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:46.34pt;position:var(--position)"></span><span style="left:46.34pt;position:var(--position)">4.7<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:25.38pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">14,291</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:100.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">11.8<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">9,762</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:100.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:46.34pt;position:var(--position)"></span><span style="left:46.34pt;position:var(--position)">8.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:115.5pt;width:212.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:212.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Revenues</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:212.25pt;position:var(--position);top:115.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">121,551</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:280.5pt;position:var(--position);top:115.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.34pt;position:var(--position)"></span><span style="left:36.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:354.75pt;position:var(--position);top:115.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">116,272</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423pt;position:var(--position);top:115.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.34pt;position:var(--position)"></span><span style="left:36.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:619.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:389pt">Saint Vincent and Grenadines did not have over 10% of revenue during the fiscal year 2024, prior year balances provided for comparability purposes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:194.7pt">No other individual country accounted for more than 10% of total revenue.</span></div> 31311000 0.257 36128000 0.311 27412000 0.226 24769000 0.213 20449000 0.168 19282000 0.166 14820000 0.122 20837000 0.179 13268000 0.109 5494000 0.047 14291000 0.118 9762000 0.084 121551000 1.000 116272000 1.000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">The following table presents the Company’s revenues disaggregated by products and services for the years ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:57pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:81pt;width:612pt"><div style="font-size:0pt;left:58.87pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:224.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:224.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands, except percentages)</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.75pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);width:133.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:133.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:58.75pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.03pt;position:var(--position);text-decoration:none;white-space:pre">% of Revenues</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exchange aggregation</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">110,705</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:35.34pt;position:var(--position)"></span><span style="left:35.34pt;position:var(--position)">91.1<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">107,101</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:35.34pt;position:var(--position)"></span><span style="left:35.34pt;position:var(--position)">92.1<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fiat onboarding</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,046</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">4.2<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">3,941</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">3.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Staking</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,350</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">3.6<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,284</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">2.0<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Consulting</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">910</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">0.7<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,307</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">1.1<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Othe</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:22.05pt;position:var(--position);text-decoration:none;white-space:pre">r</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:25.38pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre"> (1)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">540</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">0.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,639</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:40.34pt;position:var(--position)"></span><span style="left:40.34pt;position:var(--position)">1.4<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:100.5pt;width:224.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:224.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Revenues</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:224.25pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">121,551</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:292.5pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.34pt;position:var(--position)"></span><span style="left:30.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:360.75pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">116,272</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429pt;position:var(--position);top:100.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:30.34pt;position:var(--position)"></span><span style="left:30.34pt;position:var(--position)">100.0<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:56.17pt;position:var(--position)">%</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:207.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:39.65pt">Other includes </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:134.15pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:31.74pt">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:165.89pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:12.62pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:178.51pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:31.74pt">$1.5 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:210.25pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:152.13pt"> related to non-fungible token revenue for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:362.38pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:51.03pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:413.41pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:12.62pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:426.03pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:13pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:439.03pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:36.21pt">, respectively.</span></div> 110705000 0.911 107101000 0.921 5046000 0.042 3941000 0.034 4350000 0.036 2284000 0.020 910000 0.007 1307000 0.011 540000 0.004 1639000 0.014 121551000 1.000 116272000 1.000 400000 1500000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:392.21pt">The following table presents the Company's contract balances as of December 31, 2025 and 2024:</span><div style="position:var(--position);top:253pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:410.25pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:410.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:410.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance January 1, 2024</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:58.04pt"></span></span><span style="left:65.67pt;position:var(--position)">727<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prior period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:27.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:59.71pt"></span></span><span style="left:62.34pt;position:var(--position)">(727)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase in contract liability</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:42.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:63.04pt"></span></span><span style="left:65.67pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:64.71pt"></span></span><span style="left:67.33999999999999pt;position:var(--position)">(88)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance December 31, 2024</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:72.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.04pt"></span></span><span style="left:70.67pt;position:var(--position)">12<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prior period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:87.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:64.71pt"></span></span><span style="left:67.33999999999999pt;position:var(--position)">(12)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Increase in contract liability</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:102.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:68.04pt"></span></span><span style="left:70.67pt;position:var(--position)">71<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current period performance obligation satisfied</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:117.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:64.71pt"></span></span><span style="left:67.33999999999999pt;position:var(--position)">(71)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:410.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:410.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:132.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:63.04pt"></span></span><span style="left:70.67pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 727000 727000 100000 88000 12000 12000 71000 71000 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Prepaid Expenses</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The Company prepays certain expenses due to the nature of the service provided or to capture certain discounts. The table</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:445.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:132.66pt">below shows a breakout of these </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.16pt;position:var(--position);text-decoration:none;white-space:pre;width:172.86pt">prepaid expenses for the periods presented:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:466.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:349.5pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:349.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:349.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid software</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">931<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">762<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounting, consulting, and legal services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">788<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">540<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid cloud services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">669<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Marketing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">260<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">220<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid insurance</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">219<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">53<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other prepaids</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">152<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">82<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:102.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,996<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:102.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,326<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">The Company prepays certain expenses due to the nature of the service provided or to capture certain discounts. The table</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:445.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:132.66pt">below shows a breakout of these </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.16pt;position:var(--position);text-decoration:none;white-space:pre;width:172.86pt">prepaid expenses for the periods presented:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:466.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:349.5pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:349.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:349.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid software</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">931<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">762<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounting, consulting, and legal services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">788<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">540<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid cloud services</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">669<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Marketing</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">260<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">220<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid insurance</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">219<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">53<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other prepaids</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">152<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">82<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:102.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,996<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:102.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,326<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 931000 762000 788000 540000 646000 669000 260000 220000 219000 53000 152000 82000 2996000 2326000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Loans Receivable, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:621pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Term Facility and Delayed-Draw Term Facility</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:644pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">On November 18, 2025, the Company entered into a loan agreement with W3C Corp., pursuant to which the Company </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:655.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">agreed to provide up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.69pt;position:var(--position);text-decoration:none;white-space:pre">$70.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:207.54pt;position:var(--position);text-decoration:none;white-space:pre"> of secured financing, consisting of (i) a term loan facility with aggregate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:666.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">commitments of up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.97pt;position:var(--position);text-decoration:none;white-space:pre">$60.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.82pt;position:var(--position);text-decoration:none;white-space:pre"> (the “Term Facility”) and (ii) a delayed-draw term loan facility with aggregate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:677.6pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">commitments of up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.97pt;position:var(--position);text-decoration:none;white-space:pre">$10.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:202.82pt;position:var(--position);text-decoration:none;white-space:pre"> (the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.85pt;position:var(--position);text-decoration:none;white-space:pre"> “Delayed-Draw Term Facility” and collectively with the Term Facility, the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:688.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">“Facilities”</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:103.95pt;position:var(--position);text-decoration:none;white-space:pre">). The Facilities are secured by substantially all of the assets of W3C Corp. and certain of its subsidiaries, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:700pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">subject to customary exceptions. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:191.4pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025, no amounts were outstanding under the Delayed-Draw Term </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:711.2pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Facility.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Borrowings under the Term Facility bear interest at a rate of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.28999999999996pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.78999999999996pt;position:var(--position);text-decoration:none;white-space:pre">12.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:327.62pt;position:var(--position);text-decoration:none;white-space:pre"> per annum, compounded monthly, while borrowings </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">under the Delayed-Draw Term Facility bear interest at a rate </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.57pt;position:var(--position);text-decoration:none;white-space:pre">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.4pt;position:var(--position);text-decoration:none;white-space:pre">6.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:334.23pt;position:var(--position);text-decoration:none;white-space:pre"> per annum, compounded quarterly. In each case, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">accrued interest is capitalized and added to the outstanding principal balance. The loan agreement also provides for a one-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:79.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">time upfront fee equal to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:157.26pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.76pt;position:var(--position);text-decoration:none;white-space:pre">2.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.59pt;position:var(--position);text-decoration:none;white-space:pre"> of the Term Facility and an</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:292.11pt;position:var(--position);text-decoration:none;white-space:pre"> exit fee of up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:360.37pt;position:var(--position);text-decoration:none;white-space:pre">$7.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.22pt;position:var(--position);text-decoration:none;white-space:pre">, which is reduced by the aggregate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:91pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">amount of upfront fees paid and capitalized interest at the time of repayment.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:114pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Accordingly, interest income associated with the Facilities reflects both contractual interest accrued on outstanding </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:125.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">borrowings and the amortization of upfront and exit fees, which are accounted for as adjustments to loan yield. For the year </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:137pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">ended December 31, 2025, the Company recognized interest income related to the Facilities of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:439.12pt;position:var(--position);text-decoration:none;white-space:pre">$2.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:487.97pt;position:var(--position);text-decoration:none;white-space:pre">. Based on the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:148.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Company’s current expectation that amounts outstanding under the Term Facility will be repaid in connection with the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:160pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">consummation of the acquisition, the effective interest rate on the Term Facility is higher than the stated contractual rate </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:171.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">due to the amortization of upfront and exit fees, while the effective interest rate on the Delayed-Draw Term Facility </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:183pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">approximates its stated contractual rate.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:206pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">The Facilities mature on the earlier of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:211.87pt;position:var(--position);text-decoration:none;white-space:pre">(i) consummation of the acquisition and (ii) the date falling twelve months after the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:217.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">initial borrowing under the term loan facility, subject to extensions in certain circumstances as provided in the loan </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:229pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">agreement. </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:252pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Covenants</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:275pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">The Facilities contain customary affirmative and negative covenants, including limitations on additional indebtedness, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:286.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">liens, asset sales, acquisitions and distributions, as well as a minimum liquidity covenant. The Facilities also include </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:298pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">customary events of default, including non-payment, breach of covenants and insolvency events, which could result in the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:309.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">acceleration of amounts outstanding. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:208.04pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025, the Company was in compliance with all applicable </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:321pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">covenants.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:344pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Credit Risk and Allowance for Credit Losses</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:367pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31, 2025, the Company concluded that no allowance for credit losses was required based on the secured </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:378.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">nature of the receivables, the short-term expected duration of the arrangements, and the Company’s assessment of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:390pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">creditworthiness of the counterparty.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:413.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Seller Promissory Note</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:437pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">On November 18, 2025, the Company entered into a secured promissory note with the seller of W3C Corp., a related party </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:448.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">(the “Seller Note”), pursuant to which the Company extended a loan in the principal amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.56pt;position:var(--position);text-decoration:none;white-space:pre">$10.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:494.41pt;position:var(--position);text-decoration:none;white-space:pre">. The Seller </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:460pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Note bears interest at a rate of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:180.81pt;position:var(--position);text-decoration:none;white-space:pre">6.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.64pt;position:var(--position);text-decoration:none;white-space:pre"> per annum, compounded quarterly, with accrued interest capitalized and added to the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:471.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">outstanding principal balance. The Seller Note is secured by a pledge of the seller’s equity interests in W3C Corp.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:494.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">All outstanding principal and accrued interest under the Seller Note are due and payable upon the earlier of the </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:506pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">consummation of the acquisition or the occurrence of specified termination events. Upon consummation of the acquisition, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:517.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">the outstanding principal and accrued interest are expected to be settled through a non-cash offset against the purchase </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:529pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">consideration otherwise payable to the seller.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:552pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Interest income associated with the Seller Note is recognized in interest income. For the year ended December 31, 2025, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:563.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company recognized </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:160.88pt;position:var(--position);text-decoration:none;white-space:pre">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:209.73pt;position:var(--position);text-decoration:none;white-space:pre"> of interest income related to the Seller Note. Based on the short-term expected </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:575pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">duration of the arrangement, the secured nature of the Seller Note, and the anticipated settlement through offset at closing, </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:586.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">the Company determined that no allowance for credit losses was required as of December 31, 2025.</span></div> 70000000.0 60000000.0 10000000.0 0.120 0.060 0.020 7200000 2100000 10000000.0 0.060 100000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Intangible Assets</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:635.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:139.85pt">Indefinite-Lived Intangible Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:659.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Indefinite-lived assets were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:170.84pt;position:var(--position);text-decoration:none;white-space:pre">$2.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:219.69pt;position:var(--position);text-decoration:none;white-space:pre"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.84pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.38pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.81pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:361.81pt;position:var(--position);text-decoration:none;white-space:pre">, respectively. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:420.06pt;position:var(--position);text-decoration:none;white-space:pre">Indefinite-lived assets primarily </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:671.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">consist of purchased domain names. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.58pt;position:var(--position);text-decoration:none;white-space:pre">In the second quarter of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:302.98pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.98pt;position:var(--position);text-decoration:none;white-space:pre">, the Company purchased a domain name for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:504.74pt;position:var(--position);text-decoration:none;white-space:pre">$0.2 </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:682.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:87.35pt;position:var(--position);text-decoration:none;white-space:pre">. The Company considers these assets to be indefinite-lived, resulting in no recognition of amortization.</span></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Definite-Lived Intangible Assets, Net</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">During the fourth quarter of 2025, the Company recognized definite-lived assets in connection with the Gratitud Interna</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:81pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:81.29pt">Ltd. asset purchase. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:220.85pt">The components of the intangible assets are as follows:</span></div><div style="position:var(--position);top:99pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:423.75pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:423.75pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:423.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Technology in development</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,317<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assembled workforce</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade name</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">235<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">(86)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Definite-lived intangible assets in use, net</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,465<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Definite-lived intangible assets, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,782<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:213.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:383.37pt">Technology in development, assembled workforce, and trade name each have a useful life of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:441.87pt;position:var(--position);text-decoration:none;white-space:pre;width:29.29pt">3 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.16pt;position:var(--position);text-decoration:none;white-space:pre;width:82.32pt">, respectively. As of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:224.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.2pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.7pt;position:var(--position);text-decoration:none;white-space:pre;width:414.74pt">, the acquired technology is being developed and will not be placed in service until it is ready for its</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:236.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.35pt">intended use.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.85pt;position:var(--position);text-decoration:none;white-space:pre;width:423.15pt"> Further, the weighted average remaining amortization period for definite-lived intangibles in use is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536pt;position:var(--position);text-decoration:none;white-space:pre;width:17.5pt">2.83</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:247.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:21.08pt">years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:79.58pt;position:var(--position);text-decoration:none;white-space:pre;width:6.92pt">. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.5pt;position:var(--position);text-decoration:none;white-space:pre;width:317.49pt">During 2025, amortization expense for definite-lived intangible assets was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:403.99pt;position:var(--position);text-decoration:none;white-space:pre;width:50.77pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.76pt;position:var(--position);text-decoration:none;white-space:pre;width:98.7pt"> and is included within</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:259.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">general and administrative expenses on the consolidated statements of operations and comprehensive (loss) income. The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:216.98pt">Company had no definite-lived intangible assets as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:275.48pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:354.02pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:292.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.72pt">Expected future amortization expense for definite-lived intangible assets in use are as follows:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="position:var(--position);top:313.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:425.25pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:425.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:12.23pt;width:425.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:69.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.67pt;position:var(--position);white-space:pre">Years ended </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:69.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.56pt;position:var(--position);white-space:pre">December 31, </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:425.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:425.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:21pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:425.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:425.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:36pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:50.67pt;position:var(--position)">517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:425.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:425.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:51pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:50.67pt;position:var(--position)">431<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:66pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.54pt"></span></span><span style="left:43.17pt;position:var(--position)">1,465<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:412.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:56.33pt">Digital Assets</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:435.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">The tables below outline the fair value of our digital assets based on publicly available rates as of the dates presented as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.07pt">well as the cost:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:293.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:293.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:293.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:87.95pt">(in thousands, except units)</span></div></div></div></td><td colspan="5" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:68.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Units</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.41pt;position:var(--position);text-decoration:none;white-space:pre">Cost basis</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.31pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1,704</span></div></div></div></td><td style="background-color:#ffffff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">53,449</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">149,164</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1,898</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">3,476</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,633</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">12,473</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,385</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,552</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">172,189,617</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">102</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.87pt"></span></span><span style="left:54.5pt;position:var(--position)">98</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">59,412</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">156,447</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:587.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:293.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:293.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:293.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">(in thousands, except units)</span></div></div></div></td><td colspan="5" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:68.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Units</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.97pt;position:var(--position);text-decoration:none;white-space:pre">Cost Basis</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.31pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1,941</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">69,707</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">181,238</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">2,655</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,967</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">8,847</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">24,472</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,241</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,628</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.62pt;position:var(--position);text-decoration:none;white-space:pre">10,011,770</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,641</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,646</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">82,556</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">196,359</span></span></div></div></div></td></tr></tbody></table></div></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:256.3pt">The following table summarizes the digital asset activities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.8pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.34pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.77pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.77pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:407.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:407.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:407.25pt;position:var(--position);width:87.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:87.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.88pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, December 31, 2023</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.54pt"></span></span><span style="left:53.17pt;position:var(--position)">35,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Adoption of ASU 2023-08</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:27.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">48,676<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, January 1, 2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:42.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">83,686<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additions </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:44.550000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">81,790<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposals </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:43.99pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:72.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">(65,228)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gains </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:28.439999999999998pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:87.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">96,111<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:102.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.54pt"></span></span><span style="left:48.17pt;position:var(--position)">196,359<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additions </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:44.550000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:117.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">91,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposals </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:43.99pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:132.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.21pt"></span></span><span style="left:44.84pt;position:var(--position)">(112,853)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Losses </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:32.33pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:147.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">(18,892)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:162.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">156,447<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:212.82pt">Additions primarily relate to revenue generated from customers and staked assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:431.93pt">Disposals primarily relate to payment of liabilities pertaining to vendor invoices and payroll payments. Disposals of digital assets to cash are primarily used for</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:55.52pt">operational purposes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:228.17pt">The Company recognized cumulative realized gains from exchange of digital assets of </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:349.66999999999996pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:31.92pt">$9.6 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:381.59pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:171.9pt"> and cumulative realized losses from exchange of digital assets of</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:305.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:32.89pt">$1.9 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:154.39pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:56.03pt"> for the year ended </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:210.42000000000002pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:53.33pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:263.75pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:289.7pt">, which are included in loss (gain) on digital assets, net on the consolidated statements of operations and</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:317.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:77.68pt">comprehensive (loss) income.</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:199.18pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:329.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:226.37pt">The Company recognized cumulative realized gains from exchange of digital assets of </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:347.87pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:35.02pt">$11.7 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:382.89pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:170.4pt"> and cumulative realized losses from exchange of digital assets of</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.29pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:341.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:36.01pt">$13.8 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:157.51pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:55.38pt"> for the year ended </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:212.89pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:53.07pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:265.96000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:287.49pt">, which are included in loss (gain) on digital assets, net on the consolidated statements of operations and</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:352.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:77.68pt">comprehensive (loss) income.</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:199.18pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:374.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:372.29pt">The following table summarizes other operating activities settled in digital assets and USDC:</span></div><div style="position:var(--position);top:395.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:349.5pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:349.5pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.41pt;width:349.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:57.48pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.06pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.06pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:15pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.71pt"></span></span><span style="left:31.34pt;position:var(--position)">(121,849)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:15pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.71pt"></span></span><span style="left:31.34pt;position:var(--position)">(110,514)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:30pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">42,958<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:30pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">22,256<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of digital assets and USDC to cash</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:45pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">39,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:45pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">40,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounts receivable and other current assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:60pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:60pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(4,695)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Payroll liabilities</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(244)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(551)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation related to digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:90pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(1,372)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:90pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Other operating activities settled in digital assets and USDC</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:105pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(38,898)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:105pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(52,172)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:537.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:154.86pt">Gain on sale of Future Token Interests</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:561.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:352.36pt">During the second quarter of fiscal year 2025, the Company sold its right to receive </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:410.86pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">6,666,667</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:450.86pt;position:var(--position);text-decoration:none;white-space:pre;width:28.47pt"> of its </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:479.33pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">13,333,334</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:524.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:29.09pt"> Magic</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:573.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:338.89pt">Eden tokens from Eden Protocol Limited. A gain on sale of future token interests of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.39pt;position:var(--position);text-decoration:none;white-space:pre;width:48.91pt">$2.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:446.3pt;position:var(--position);text-decoration:none;white-space:pre;width:107.1pt"> was recognized as a result</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">of the sale and is presented in the consolidated statements of operations and comprehensive (loss) income. The right to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">receive future Magic Eden token interests represents an embedded derivative that had a fair value of zero as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:609.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> 2100000 2100000 200000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.79000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:220.85pt">The components of the intangible assets are as follows:</span><div style="position:var(--position);top:99pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:423.75pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:423.75pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:423.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Technology in development</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,317<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Assembled workforce</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,316<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade name</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">235<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">(86)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Definite-lived intangible assets in use, net</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,465<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:423.75pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:423.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Definite-lived intangible assets, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,782<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:190.91pt">Software assets, net, consisted of the following:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:350.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:350.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:350.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Software in development</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,069<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:12.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">1,400<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Software assets in use</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">13,198<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:27.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:38.92pt;position:var(--position)">11,240<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(9,702)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:42.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(6,511)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Software assets in use, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">3,496<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:57.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">4,729<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Software assets, net</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">4,565<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:72.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,129<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 1317000 1316000 235000 86000 1465000 2782000 P3Y P3Y P3Y P2Y9M29D 100000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:376.72pt">Expected future amortization expense for definite-lived intangible assets in use are as follows:</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:435.22pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="position:var(--position);top:313.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:425.25pt"></td><td style="padding:0;width:69.75pt"></td></tr><tr style="height:21pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:425.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:12.23pt;width:425.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);width:69.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.37pt;width:69.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.67pt;position:var(--position);white-space:pre">Years ended </span></div><div style="line-height:8pt;position:var(--position);top:12.37pt;width:69.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:11.56pt;position:var(--position);white-space:pre">December 31, </span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21pt;width:425.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:425.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:21pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.04pt"></span></span><span style="left:50.67pt;position:var(--position)">517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:425.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:425.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:36pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:50.67pt;position:var(--position)">517<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:425.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:425.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:51pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.04pt"></span></span><span style="left:50.67pt;position:var(--position)">431<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:425.25pt;position:var(--position);top:66pt;width:69.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:69.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:35.54pt"></span></span><span style="left:43.17pt;position:var(--position)">1,465<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61pt;position:var(--position);text-decoration:none;white-space:pre">The following summarizes the future amortization expense as of December 31, 2025.</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:467.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:429.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:429.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.86pt;width:429.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:429.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:429.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,095</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:429.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:429.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,181</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:429.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:429.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">220</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">3,496</span></span></div></div></div></td></tr></tbody></table></div></div></div> 517000 517000 431000 1465000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">The tables below outline the fair value of our digital assets based on publicly available rates as of the dates presented as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:447.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:64.07pt">well as the cost:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:471.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:293.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:293.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:293.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:87.95pt">(in thousands, except units)</span></div></div></div></td><td colspan="5" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:68.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Units</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.41pt;position:var(--position);text-decoration:none;white-space:pre">Cost basis</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.31pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1,704</span></div></div></div></td><td style="background-color:#ffffff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">53,449</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">149,164</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1,898</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">3,476</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,633</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">12,473</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,385</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,552</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:12.62pt;position:var(--position);text-decoration:none;white-space:pre">172,189,617</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">102</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.87pt"></span></span><span style="left:54.5pt;position:var(--position)">98</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">59,412</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">156,447</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="position:var(--position);top:587.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:293.25pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:293.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:293.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);white-space:pre">(in thousands, except units)</span></div></div></div></td><td colspan="5" style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:201.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:201.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:68.56pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.52pt;position:var(--position);text-decoration:none;white-space:pre">Units</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.97pt;position:var(--position);text-decoration:none;white-space:pre">Cost Basis</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.31pt;position:var(--position);text-decoration:none;white-space:pre">Fair Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">1,941</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">69,707</span></span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:25.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">181,238</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">2,655</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,967</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:40.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">8,847</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:55.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">24,472</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,241</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:55.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,628</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:70.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.62pt;position:var(--position);text-decoration:none;white-space:pre">10,011,770</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,641</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:70.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,646</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:85.5pt;width:293.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:293.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital assets</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">82,556</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:85.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">196,359</span></span></div></div></div></td></tr></tbody></table></div></div></div> 1704 53449000 149164000 1898 3476000 5633000 12473 2385000 1552000 172189617 102000 98000 59412000 156447000 1941 69707000 181238000 2655 4967000 8847000 24472 2241000 4628000 10011770 5641000 1646000 82556000 196359000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:256.3pt">The following table summarizes the digital asset activities as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.8pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:393.34pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:412.77pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:432.77pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:69pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:407.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:84.75pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:407.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:407.25pt;position:var(--position);width:87.75pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:87.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:33.88pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, December 31, 2023</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:12.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:45.54pt"></span></span><span style="left:53.17pt;position:var(--position)">35,010<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Adoption of ASU 2023-08</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:27.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">48,676<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, January 1, 2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:42.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">83,686<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additions </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:44.550000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:57.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">81,790<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposals </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:43.99pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:72.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">(65,228)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Gains </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:28.439999999999998pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(3)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:87.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">96,111<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, December 31, 2024</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:102.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.54pt"></span></span><span style="left:48.17pt;position:var(--position)">196,359<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additions </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:44.550000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:117.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:50.54pt"></span></span><span style="left:53.17pt;position:var(--position)">91,833<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Disposals </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:43.99pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(2)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:132.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.21pt"></span></span><span style="left:44.84pt;position:var(--position)">(112,853)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Losses </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:32.33pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(4)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:147.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:47.21pt"></span></span><span style="left:49.84pt;position:var(--position)">(18,892)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:407.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:407.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance, December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:410.25pt;position:var(--position);top:162.75pt;width:84.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:84.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:40.54pt"></span></span><span style="left:48.17pt;position:var(--position)">156,447<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:257.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(1)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:212.82pt">Additions primarily relate to revenue generated from customers and staked assets.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:269.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(2)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:431.93pt">Disposals primarily relate to payment of liabilities pertaining to vendor invoices and payroll payments. Disposals of digital assets to cash are primarily used for</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:281.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:55.52pt">operational purposes.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:293.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(3)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:228.17pt">The Company recognized cumulative realized gains from exchange of digital assets of </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:349.66999999999996pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:31.92pt">$9.6 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:381.59pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:171.9pt"> and cumulative realized losses from exchange of digital assets of</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:305.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:32.89pt">$1.9 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:154.39pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:56.03pt"> for the year ended </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:210.42000000000002pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:53.33pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:263.75pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:289.7pt">, which are included in loss (gain) on digital assets, net on the consolidated statements of operations and</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:317.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:77.68pt">comprehensive (loss) income.</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:199.18pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:329.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:85.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:7.57pt">(4)</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:226.37pt">The Company recognized cumulative realized gains from exchange of digital assets of </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:347.87pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:35.02pt">$11.7 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:382.89pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:170.4pt"> and cumulative realized losses from exchange of digital assets of</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.29pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:341.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:36.01pt">$13.8 million</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:157.51pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:55.38pt"> for the year ended </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:212.89pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:53.07pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:265.96000000000004pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:287.49pt">, which are included in loss (gain) on digital assets, net on the consolidated statements of operations and</span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:1.62pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:121.5pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre;width:77.68pt">comprehensive (loss) income.</span> 35010000 48676000 83686000 81790000 65228000 Gains (3) 96111000 196359000 91833000 112853000 -18892000 156447000 9600000 -1900000 11700000 -13800000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:372.29pt">The following table summarizes other operating activities settled in digital assets and USDC:</span><div style="position:var(--position);top:395.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:349.5pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:349.5pt"><div><div style="line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:4.41pt;width:349.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:57.48pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.06pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.06pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:15pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Revenue</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:15pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.71pt"></span></span><span style="left:31.34pt;position:var(--position)">(121,849)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:15pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:23.71pt"></span></span><span style="left:31.34pt;position:var(--position)">(110,514)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:30pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:30pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">42,958<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:30pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">22,256<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Conversion of digital assets and USDC to cash</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:45pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">39,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:45pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">40,607<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Accounts receivable and other current assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:60pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,117<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:60pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(4,695)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Payroll liabilities</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(244)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(551)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:90pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Currency translation related to digital assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:90pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(1,372)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:90pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">725<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:105pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Other operating activities settled in digital assets and USDC</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:105pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(38,898)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:105pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(52,172)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 121849000 110514000 42958000 22256000 39492000 40607000 2117000 -4695000 244000 551000 -1372000 725000 38898000 52172000 6666667 13333334 2000000.0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Fixed Assets, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:66.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:177.6pt">Fixed assets, net, consisted of the following:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:84.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:258pt"></td><td style="padding:0;width:88.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:258pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:258pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);text-decoration:none;white-space:pre">Useful Life (years)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:12.75pt;width:88.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">940<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vehicles</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:27.75pt;width:88.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">8</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">202<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">237<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">21<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed assets, gross</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,233<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,198<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated depreciation</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(775)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(841)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed assets, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">458<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">357<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:202.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:106.8pt">Depreciation expense was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.3pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$0.2 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:214.15pt;position:var(--position);text-decoration:none;white-space:pre;width:16.66pt"> for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.81pt;position:var(--position);text-decoration:none;white-space:pre;width:70.21pt">both years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:301.02pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.56pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:398.99pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.99pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:177.6pt">Fixed assets, net, consisted of the following:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:84.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:258pt"></td><td style="padding:0;width:88.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:258pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:258pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);width:88.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.73pt;position:var(--position);text-decoration:none;white-space:pre">Useful Life (years)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Computer equipment</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:12.75pt;width:88.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,015<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">940<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vehicles</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:27.75pt;width:88.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">8</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">202<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">237<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Furniture and fixtures</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:258pt;position:var(--position);top:42.75pt;width:88.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:88.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:41.75pt;position:var(--position);text-decoration:none;white-space:pre">3</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">16<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">21<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed assets, gross</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,233<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,198<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated depreciation</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(775)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(841)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:258pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:258pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed assets, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">458<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">357<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 1015000 940000 202000 237000 16000 21000 1233000 1198000 775000 841000 458000 357000 200000 200000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Software Assets, Net</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:250.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">Costs incurred are used to develop internal software applications and consist of mainly compensation and benefits. We</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:262.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">capitalize software development costs upon the establishment of technological feasibility. For the years ended</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:274.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:80.08pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.57999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:20.97pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.55pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.55pt;position:var(--position);text-decoration:none;white-space:pre;width:67.19pt">, we capitalized </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:246.74pt;position:var(--position);text-decoration:none;white-space:pre;width:49.62pt">$2.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:296.36pt;position:var(--position);text-decoration:none;white-space:pre;width:20.97pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:317.33pt;position:var(--position);text-decoration:none;white-space:pre;width:49.62pt">$3.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:366.95pt;position:var(--position);text-decoration:none;white-space:pre;width:186.41pt">, respectively, of software development costs.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:286.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">When the software is ready for use, these capitalized costs are amortized on a straight‑line basis over the estimated useful</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:298.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:81.26pt">life, estimated to be </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:139.76pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.72pt;position:var(--position);text-decoration:none;white-space:pre;width:23.58pt"> years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:183.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:322.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:190.91pt">Software assets, net, consisted of the following:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:340.15pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:350.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:70.5pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:350.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:350.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);width:70.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Software in development</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,069<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:12.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:43.92pt;position:var(--position)">1,400<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Software assets in use</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:39.67pt;position:var(--position)">13,198<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:27.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.29pt"></span></span><span style="left:38.92pt;position:var(--position)">11,240<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: accumulated amortization</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:38.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(9,702)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:42.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:37.96pt"></span></span><span style="left:40.59pt;position:var(--position)">(6,511)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Software assets in use, net</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">3,496<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:57.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">4,729<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:350.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:350.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Software assets, net</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:350.25pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">4,565<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:424.5pt;position:var(--position);top:72.75pt;width:70.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:70.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:41.29pt"></span></span><span style="left:43.92pt;position:var(--position)">6,129<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:444.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:61pt;position:var(--position);text-decoration:none;white-space:pre">The following summarizes the future amortization expense as of December 31, 2025.</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:467.3pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:429.75pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:429.75pt"><div><div style="line-height:8pt;position:var(--position);top:3.86pt;width:429.75pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:429.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:429.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">2,095</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:429.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:429.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2027</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">1,181</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:429.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:429.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">2028</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.87pt"></span></span><span style="left:49.5pt;position:var(--position)">220</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">3,496</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.05pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:108.48pt">Amortization expense was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.98000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$3.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:215.83pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.26pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$5.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.11pt;position:var(--position);text-decoration:none;white-space:pre;width:81.3pt"> for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.41pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.95pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:463.38pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:483.38pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div> 2100000 3500000 P3Y 1069000 1400000 13198000 11240000 9702000 6511000 3496000 4729000 4565000 6129000 2095000 1181000 220000 3496000 3500000 5100000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:68.5pt;position:var(--position);text-decoration:underline;white-space:pre">Debt</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">On November 17, 2025, the Company entered into a Loan Term Sheet under its Amended and Restated Master Digital</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:616.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:387.05pt">Currency Loan Agreement with Galaxy Digital LLC, pursuant to which the Company borrowed </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.55pt;position:var(--position);text-decoration:none;white-space:pre;width:53.91pt">$60.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:499.46pt;position:var(--position);text-decoration:none;white-space:pre;width:53.93pt"> (the “Galaxy</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:628.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">Loan”). The borrowing is structured as an evergreen, callable loan, under which Galaxy may recall, and the Company may</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:639.95pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:253.31pt">elect to repay, all or a portion of the outstanding principal with </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:311.81pt;position:var(--position);text-decoration:none;white-space:pre;width:30.82pt">30 days</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.63pt;position:var(--position);text-decoration:none;white-space:pre;width:32.73pt">’ notice.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:661.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:163.87pt">The Galaxy Loan bears a Borrow Fee of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:222.37pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">9.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.2pt;position:var(--position);text-decoration:none;white-space:pre;width:310.17pt">, per annum, and interest expense recognized on the Galaxy Loan for the year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673.45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.04pt">ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.53999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:79.9pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.44pt;position:var(--position);text-decoration:none;white-space:pre;width:21.9pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.34pt;position:var(--position);text-decoration:none;white-space:pre;width:49.53pt">$0.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.87pt;position:var(--position);text-decoration:none;white-space:pre;width:316.55pt">. Interest expense is recorded on the consolidated statement of operations and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:146.53pt">comprehensive (loss) income. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:205.03pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.57pt;position:var(--position);text-decoration:none;white-space:pre;width:138.46pt">, the Galaxy Loan was paid in full.</span> 60000000.0 P30D 0.090 600000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">Shareholders’ Equity</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.81pt">The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.31pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:316.15pt">and conversion rights. Each share of Class A common stock is entitled to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:374.65pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:389.08pt;position:var(--position);text-decoration:none;white-space:pre;width:63.49pt"> vote per share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:452.57pt;position:var(--position);text-decoration:none;white-space:pre;width:100.92pt">. Each share of Class B</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:95.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:116.18pt">common stock is entitled to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:174.68pt;position:var(--position);text-decoration:none;white-space:pre;width:12.2pt">ten</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.88pt;position:var(--position);text-decoration:none;white-space:pre;width:64.38pt"> votes per share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.26pt;position:var(--position);text-decoration:none;white-space:pre;width:97.31pt"> and is convertible into </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.57pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363pt;position:var(--position);text-decoration:none;white-space:pre;width:170.35pt"> share of Class A common stock. During </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:533.35pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:16.94pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:75.44pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:95.44pt;position:var(--position);text-decoration:none;white-space:pre;width:458.03pt">, Class B shareholders elected to convert their shares to Class A. Total conversions from Class B to Class A shares</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:119.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:21.91pt">were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:80.41pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">826,316</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:112.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:115.41pt;position:var(--position);text-decoration:none;white-space:pre;width:16.93pt">and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:132.34pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">3,181,149</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:172.34pt;position:var(--position);text-decoration:none;white-space:pre;width:81.3pt"> for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:253.64pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:332.18pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:351.61pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.61pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:143.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">In October 2025, holders of our Class A common stock have the ability to tokenize their shares on the Solana blockchain</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:155.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">through our co-transfer agent, Superstate. The tokenized common stock is recorded and maintained by the co-transfer agent</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:167.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">and represents the same ownership interests as the corresponding shares of Class A common stock reflected in the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:179.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:133.71pt">company’s official share register.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:203.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">In December 2024, our Class A common stock was listed for quotation on the NYSE American under the symbol</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:214.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:39.12pt">“EXOD”.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:236.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">In April 2024, our Class A common stock was listed for quotation on the OTCQX under the symbol “EXOD”. OTC</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:248.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:183.42pt">Markets approval was received in April 2024.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:272.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">In January 2024, our Class A common stock was listed for quotation on the OTCQB under the symbol “EXOD”. OTC</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:284.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">Markets approval was received in January 2024 and in January the initial qualifying deposit was made and initial trades</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:296.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:58.81pt">have occurred.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:320.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:114.66pt">Share-Based Compensation</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:344.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:136.03pt">Options and Equity Grants Issued</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:367.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">The 2019 Equity Incentive Plan adopted in September 2019 (the “2019 Plan”) permitted the Company to grant non-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:379.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">statutory stock options, incentive stock options, and other equity awards to Exodus team members, directors, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:391.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.97pt">consultants. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.47pt;position:var(--position);text-decoration:none;white-space:pre;width:444.93pt">The exercise price for options issued under the 2019 Plan is determined by the Board, but will be (i) in the case</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:403.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:448.35pt">of an incentive stock option granted to an employee or consultant who owns stock representing more than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:506.85pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.1800000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:28.23pt"> of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:415.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:240.77pt">voting power of all classes of stock of Exodus, no less than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:299.27pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">110%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.6pt;position:var(--position);text-decoration:none;white-space:pre;width:230.83pt"> of the fair market value per share on the date of grant; or</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:427.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:270.57pt">(ii) granted to any other team member or consultant, no less than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:329.07pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">100%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.4pt;position:var(--position);text-decoration:none;white-space:pre;width:200.94pt"> of the fair market value per share on the date of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:439.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.03pt">grant.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.53pt;position:var(--position);text-decoration:none;white-space:pre;width:267.09pt"> The contractual life for all options issued under the 2019 Plan is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.62pt;position:var(--position);text-decoration:none;white-space:pre;width:34.04pt">10 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:382.66pt;position:var(--position);text-decoration:none;white-space:pre;width:170.84pt">. The 2019 Plan authorized grants to issue</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:451.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:22.95pt">up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.45pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">3,000,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:121.45pt;position:var(--position);text-decoration:none;white-space:pre;width:37.94pt"> options (</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.39pt;position:var(--position);text-decoration:none;white-space:pre;width:156.5pt">prior to the 2021 Equity Incentive Plan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:315.89pt;position:var(--position);text-decoration:none;white-space:pre;width:237.48pt">) that are convertible into shares of authorized but unissued</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:463.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:137.5pt">Class B common stock. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:196pt;position:var(--position);text-decoration:none;white-space:pre;width:83.94pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:279.94pt;position:var(--position);text-decoration:none;white-space:pre;width:57.47pt">, there were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:337.41pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">545,142</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:369.91pt;position:var(--position);text-decoration:none;white-space:pre;width:183.49pt"> shares of Class B common stock options</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:475.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.13pt">outstanding.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:499.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">In August 2021, the Company adopted the 2021 Equity Incentive Plan, as amended and restated (the "Plan"). The Plan</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:511.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">permits the Company to grant non-statutory stock options, incentive stock options and other equity awards, such as</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:305.18pt">restricted stock units, to Exodus team members, directors, and consultants. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:363.68pt;position:var(--position);text-decoration:none;white-space:pre;width:189.81pt">The exercise price for options issued under the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:535.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">2021 Plan is determined by the board of directors, but will be (i) in the case of an incentive stock option granted to an team</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:547.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:201.87pt">member who owns stock representing more than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.37pt;position:var(--position);text-decoration:none;white-space:pre;width:18.33pt">10%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:278.7pt;position:var(--position);text-decoration:none;white-space:pre;width:274.72pt"> of the voting power of all classes of stock of Exodus, no less than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:559.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">110%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:81.83pt;position:var(--position);text-decoration:none;white-space:pre;width:471.47pt"> of the fair market value per share on the date of grant; or (ii) granted to any other team member or consultant, no less</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:571.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:19.91pt">than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.41pt;position:var(--position);text-decoration:none;white-space:pre;width:23.33pt">100%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:101.74000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:220.3pt"> of the fair market value per share on the date of grant.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.04pt;position:var(--position);text-decoration:none;white-space:pre;width:231.29pt"> The contractual life for all options issued under the 2021</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:31.54pt">Plan is </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:90.03999999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:34.64pt">10 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.68pt;position:var(--position);text-decoration:none;white-space:pre;width:214.54pt">. The Plan initially authorized grants to issue up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:339.22pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">2,780,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.22pt;position:var(--position);text-decoration:none;white-space:pre;width:174.15pt"> awards that are convertible into shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:595.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">authorized but unissued Class A common stock. Pursuant to the terms of the Plan, the Company may increase our share</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:607.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:30.83pt">pool by</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:89.33pt;position:var(--position);text-decoration:none;white-space:pre;width:3.06pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:92.39pt;position:var(--position);text-decoration:none;white-space:pre;width:13.33pt">5%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:105.72pt;position:var(--position);text-decoration:none;white-space:pre;width:243.42pt"> of our outstanding shares of capital stock each year. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:349.14pt;position:var(--position);text-decoration:none;white-space:pre;width:79.66pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.8pt;position:var(--position);text-decoration:none;white-space:pre;width:45.24pt">, a total of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:474.04pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">6,662,936</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:514.04pt;position:var(--position);text-decoration:none;white-space:pre;width:39.42pt"> shares of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:619.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:454.95pt">Class A common stock were reserved for issuance under the Plan. In August 2025, the Company added </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.45pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">1,453,470</span><span style="font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:3.33pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:634.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">additional shares to the share pool in accordance with the Evergreen provision, bringing the total number of shares reserved</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:646.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:131.67pt">for issuance under the Plan to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:190.17pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">8,116,406</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.17pt;position:var(--position);text-decoration:none;white-space:pre;width:29.49pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:259.65999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:82.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:341.76pt;position:var(--position);text-decoration:none;white-space:pre;width:34.78pt">. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.54pt;position:var(--position);text-decoration:none;white-space:pre;width:82.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:458.64pt;position:var(--position);text-decoration:none;white-space:pre;width:54.71pt">, there were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:513.35pt;position:var(--position);text-decoration:none;white-space:pre;width:40pt">2,543,468</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:658.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:306.56pt">restricted stock units that are authorized and outstanding with a fair value of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:365.06pt;position:var(--position);text-decoration:none;white-space:pre;width:53.85pt">$37.6 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.91pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:682.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">Upon the approval of the Amended Plan, the Company can no longer grant non-statutory stock options, incentive stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:694.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:413.79pt">options, or other equity awards to Exodus team members, directors, or consultants under the 2019 Plan.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:718.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:453.43pt">The terms of our share-based compensation are governed by the plan pursuant to which such awards were issued.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:235.82pt">The following table summarizes stock option activities for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.32pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:63pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:331.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:21.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.08pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.98pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.32pt;position:var(--position);text-decoration:none;white-space:pre">Exercise Price</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - beginning of period</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:21.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">866,135<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:21.75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:69.37pt"></span></span><span style="left:77pt;position:var(--position)">2.41</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(320,993)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:36.75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:69.37pt"></span></span><span style="left:77pt;position:var(--position)">2.40</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - end of period</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:51.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">545,142<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:51.75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:69.37pt"></span></span><span style="left:77pt;position:var(--position)">2.41</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:146.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:206.13pt">The following table summarizes RSU activities for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.63pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.63pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:318.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:108pt"></td></tr><tr style="height:21.75pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);width:108pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.36pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.38pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair Value Price</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - beginning of period</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:21.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,904,901<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:21.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:82.12pt"></span></span><span style="left:89.75pt;position:var(--position)">4.14</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,270,707<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:36.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.12pt"></span></span><span style="left:84.75pt;position:var(--position)">26.20</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:51.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.21pt"></span></span><span style="left:17.84pt;position:var(--position)">(1,414,455)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:51.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:82.12pt"></span></span><span style="left:89.75pt;position:var(--position)">8.46</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(217,685)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:66.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:82.12pt"></span></span><span style="left:89.75pt;position:var(--position)">9.35</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - end of period</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:81.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,543,468<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:81.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.12pt"></span></span><span style="left:84.75pt;position:var(--position)">12.13</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:278.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:193.16pt">Share-based compensation for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.66pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.88pt;position:var(--position);text-decoration:none;white-space:pre;width:21.11pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.99pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.99pt;position:var(--position);text-decoration:none;white-space:pre;width:180.42pt"> is recorded on the Company’s consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:279.69pt">statements of operations and comprehensive (loss) income as follows:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Technology, development, and user support</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">6,733</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">2,829</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">7,604</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,328</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Share-based compensation</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">14,337</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">7,157</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.64pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.14pt;position:var(--position);text-decoration:none;white-space:pre;width:80.74pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:165.88pt;position:var(--position);text-decoration:none;white-space:pre;width:249.63pt">, total unrecognized share-based compensation expense was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:415.51pt;position:var(--position);text-decoration:none;white-space:pre;width:54.95pt">$13.8 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.46pt;position:var(--position);text-decoration:none;white-space:pre;width:82.95pt">. This compensation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:284.07pt">expense is expected to be recognized over a weighted-average period o</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.57pt;position:var(--position);text-decoration:none;white-space:pre;width:5.83pt">f </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:348.4pt;position:var(--position);text-decoration:none;white-space:pre;width:36.08pt">1.6 years</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:384.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:417.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Warrants</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:441.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:93.21pt">During the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.70999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:79.36pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:231.07pt;position:var(--position);text-decoration:none;white-space:pre;width:176.59pt">, the Company issued warrants to purchase </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:407.66pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">100,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.16pt;position:var(--position);text-decoration:none;white-space:pre;width:113.34pt"> shares of its common stock</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:453.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:66.31pt">to a third-party; </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:124.81pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.81pt;position:var(--position);text-decoration:none;white-space:pre;width:418.64pt"> cash was received or paid in connection with the issuance. The fair value of the warrants was recorded</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:465.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">to general and administrative expense on the consolidated statements of operations and comprehensive (loss) income and a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:218.04pt">corresponding increase to additional paid-in capital. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:82.5pt">For the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.04pt;position:var(--position);text-decoration:none;white-space:pre;width:81.22pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.26pt;position:var(--position);text-decoration:none;white-space:pre;width:113.21pt">, the expense related to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:118.16pt">issuance of the warrants was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.66pt;position:var(--position);text-decoration:none;white-space:pre;width:49.12pt">$2.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.55pt;position:var(--position);text-decoration:none;white-space:pre;width:24.43pt">using </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.98pt;position:var(--position);text-decoration:none;white-space:pre;width:300.46pt">the Black-Scholes option-pricing model, based on the following weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.73pt">average assumptions:</span></div><div style="position:var(--position);top:519.25pt;width:612pt"><div style="font-size:0pt;left:59.25pt;position:var(--position);width:493.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:419.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercise price</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">31.90<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Risk-free interest rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">4.03<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividend yield</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.34pt;position:var(--position)"></span><span style="left:36.34pt;position:var(--position)">81.32<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected life (years)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56.12pt;position:var(--position);text-decoration:none;white-space:pre">7.0</span></div></div></div></td></tr></tbody></table></div></div></div> 1 10 1 826316 3181149 0.10 1.10 1 P10Y 3000000 545142 0.10 1.10 1 P10Y 2780000 0.05 6662936 1453470 8116406 2543468 37600000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:235.82pt">The following table summarizes stock option activities for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:294.32pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:314.32pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:63pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:331.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:95.25pt"></td></tr><tr style="height:21.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:19.08pt;position:var(--position);text-decoration:none;white-space:pre">Options</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);width:95.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:15.98pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average </span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.32pt;position:var(--position);text-decoration:none;white-space:pre">Exercise Price</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - beginning of period</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:21.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">866,135<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:21.75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:69.37pt"></span></span><span style="left:77pt;position:var(--position)">2.41</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Exercised</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(320,993)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:36.75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:69.37pt"></span></span><span style="left:77pt;position:var(--position)">2.40</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:331.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:331.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - end of period</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:331.5pt;position:var(--position);top:51.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">545,142<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:399.75pt;position:var(--position);top:51.75pt;width:95.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:95.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:69.37pt"></span></span><span style="left:77pt;position:var(--position)">2.41</span></span></div></div></div></td></tr></tbody></table></div></div></div> 866135 2.41 320993 2.40 545142 2.41 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:206.13pt">The following table summarizes RSU activities for </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.63pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:284.63pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:164.75pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:318.75pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:108pt"></td></tr><tr style="height:21.75pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.08pt;position:var(--position);text-decoration:none;white-space:pre">RSUs</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);width:108pt"><div><div style="line-height:8pt;position:var(--position);top:4.01pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.36pt;position:var(--position);text-decoration:none;white-space:pre">Weighted Average</span></div><div style="line-height:8pt;position:var(--position);top:13.12pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:5.38pt;position:var(--position);text-decoration:none;white-space:pre">Grant Date Fair Value Price</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:21.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - beginning of period</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:21.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,904,901<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:21.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:82.12pt"></span></span><span style="left:89.75pt;position:var(--position)">4.14</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Granted</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:36.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">1,270,707<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:36.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.12pt"></span></span><span style="left:84.75pt;position:var(--position)">26.20</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Vested</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:51.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:15.21pt"></span></span><span style="left:17.84pt;position:var(--position)">(1,414,455)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:51.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:82.12pt"></span></span><span style="left:89.75pt;position:var(--position)">8.46</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:66.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Forfeited</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:66.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:25.34pt;position:var(--position)">(217,685)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:66.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:82.12pt"></span></span><span style="left:89.75pt;position:var(--position)">9.35</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:81.75pt;width:318.75pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:318.75pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Outstanding - end of period</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:318.75pt;position:var(--position);top:81.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:18.54pt"></span></span><span style="left:21.169999999999998pt;position:var(--position)">2,543,468<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:387pt;position:var(--position);top:81.75pt;width:108pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:108pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:77.12pt"></span></span><span style="left:84.75pt;position:var(--position)">12.13</span></span></div></div></div></td></tr></tbody></table></div></div></div> 2904901 4.14 1270707 26.20 1414455 8.46 217685 9.35 2543468 12.13 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:193.16pt">Share-based compensation for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:251.66pt;position:var(--position);text-decoration:none;white-space:pre;width:80.22pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:331.88pt;position:var(--position);text-decoration:none;white-space:pre;width:21.11pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.99pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:372.99pt;position:var(--position);text-decoration:none;white-space:pre;width:180.42pt"> is recorded on the Company’s consolidated</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:290.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:279.69pt">statements of operations and comprehensive (loss) income as follows:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:308.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Technology, development, and user support</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">6,733</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:12.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">2,829</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">General and administrative</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">7,604</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">4,328</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Share-based compensation</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:29.37pt"></span></span><span style="left:37pt;position:var(--position)">14,337</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:42pt;position:var(--position)">7,157</span></span></div></div></div></td></tr></tbody></table></div></div></div> 6733000 2829000 7604000 4328000 14337000 7157000 13800000 P1Y7M6D 100000 0 0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:276.53999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:82.5pt">For the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:359.04pt;position:var(--position);text-decoration:none;white-space:pre;width:81.22pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:440.26pt;position:var(--position);text-decoration:none;white-space:pre;width:113.21pt">, the expense related to the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:118.16pt">issuance of the warrants was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.66pt;position:var(--position);text-decoration:none;white-space:pre;width:49.12pt">$2.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.78pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:228.55pt;position:var(--position);text-decoration:none;white-space:pre;width:24.43pt">using </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:252.98pt;position:var(--position);text-decoration:none;white-space:pre;width:300.46pt">the Black-Scholes option-pricing model, based on the following weighted-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:501.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.73pt">average assumptions:</span></div><div style="position:var(--position);top:519.25pt;width:612pt"><div style="font-size:0pt;left:59.25pt;position:var(--position);width:493.5pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:419.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercise price</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">31.90<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Risk-free interest rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:41.34pt;position:var(--position)"></span><span style="left:41.34pt;position:var(--position)">4.03<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividend yield</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:11.66pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:36.34pt;position:var(--position)"></span><span style="left:36.34pt;position:var(--position)">81.32<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span><span style="left:62.17pt;position:var(--position)">%</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:419.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:419.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected life (years)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:422.25pt;position:var(--position);top:72.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:56.12pt;position:var(--position);text-decoration:none;white-space:pre">7.0</span></div></div></div></td></tr></tbody></table></div></div></div> 2000000.0 31.90 0.0403 0 0.8132 P7Y <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">Income Taxes</span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:71.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">The (loss) income before income tax (benefit) expense for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.13pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.67pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.1pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.1pt;position:var(--position);text-decoration:none;white-space:pre">, are as follows:</span></div><div style="position:var(--position);top:104.9pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Loss) income before income taxes</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,239)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">130,872<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(413)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(14)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total (loss) income before income taxes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,652)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">130,858<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:189.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:359.41pt">The current and deferred tax components of the income tax provision for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.91pt;position:var(--position);text-decoration:none;white-space:pre;width:78.7pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.61pt;position:var(--position);text-decoration:none;white-space:pre;width:19.59pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.2pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.2pt;position:var(--position);text-decoration:none;white-space:pre;width:17.27pt">, are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:201.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.57pt">as follows:</span></div><div style="position:var(--position);top:222.65pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current tax expense (benefit)</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Federal</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">455<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(37)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">State</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">47<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">13<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">502<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(24)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax (benefit) expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Federal</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(9,446)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,447<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">State</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(355)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">477<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(9,801)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,924<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total tax (benefit) expense</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Federal</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:177.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(8,991)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:177.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,410<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">State</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:192.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(308)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:192.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">490<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income tax (benefit) expense</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:207.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(9,299)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:207.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,900<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">The reconciliation of the U.S. federal statutory income tax rate to the Company's effective income tax rate as of </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre">, was as follows:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:78pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:245.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:245.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(dollars in thousands)</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic federal statutory rate</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(4,337)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:25.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">21.0%</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.04pt"></span></span><span style="left:39.67pt;position:var(--position)">27,480<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:25.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">21.0%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of cross border tax laws:</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign derived intangible income deduction</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:54.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(673)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:54.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">3.3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:54.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(185)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:54.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:69.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:59.54pt"></span></span><span style="left:62.17pt;position:var(--position)">4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:69.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:69.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:69.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Research and development tax credits</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:99pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(905)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:99pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">4.4</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:99pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(133)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:99pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Nontaxable or nondeductible items:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based compensation</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:128.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(10,390)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:128.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.31pt;position:var(--position);text-decoration:none;white-space:pre">50.3</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:128.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(11,570)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:128.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(8.8)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-deductible executive compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:143.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">5,235<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:143.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.98pt;position:var(--position);text-decoration:none;white-space:pre">(25.3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:143.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,738<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:143.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">1.3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:158.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Lobbying</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:158.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">378<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:158.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(1.8)</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:158.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:158.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Penalties</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:173.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">519<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:173.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(2.5)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:173.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:173.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:188.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Transaction costs</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:188.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,368<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:188.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(6.6)</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:188.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:188.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:203.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:203.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">36<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:203.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:203.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:203.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:218.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic state and local income tax (benefit) expense - net </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">of federal (benefit) expense</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:218.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(309)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:218.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">1.5</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:218.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">491<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:218.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">0.3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:244.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign tax effects</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:244.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:244.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.5)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:244.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:59.54pt"></span></span><span style="left:62.17pt;position:var(--position)">3<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:244.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:259.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain tax positions</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:259.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(343)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:259.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">1.7</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:259.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:259.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:274.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:274.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">18<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:274.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.2)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:274.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">59<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:274.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:289.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effective tax rate </span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:289.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(9,299)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:289.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">45.0%</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:289.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.04pt"></span></span><span style="left:39.67pt;position:var(--position)">17,900<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:289.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">13.6%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:393.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:7.800000000000001pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.912pt;vertical-align:super;white-space:pre">*</span><span style="font-family:'Times New Roman', serif;font-size:7.800000000000001pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.912pt;vertical-align:super;white-space:pre">Percentage variances not considered meaningful.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:407.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Effective Tax Rate</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:431.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:98.39pt">Income tax benefit was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.89pt;position:var(--position);text-decoration:none;white-space:pre;width:49.59pt">$9.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.48pt;position:var(--position);text-decoration:none;white-space:pre;width:14.25pt"> in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:220.73pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:240.73pt;position:var(--position);text-decoration:none;white-space:pre;width:116.54pt"> compared to an expense of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:357.27pt;position:var(--position);text-decoration:none;white-space:pre;width:54.59pt">$17.9 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:411.86pt;position:var(--position);text-decoration:none;white-space:pre;width:97.12pt"> for the same period in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:508.98pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.98pt;position:var(--position);text-decoration:none;white-space:pre;width:24.51pt">.  The</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:443.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.94pt">effective tax rate during </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:159.44pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:179.44pt;position:var(--position);text-decoration:none;white-space:pre;width:21.92pt"> was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:201.36pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">45.0%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.19pt;position:var(--position);text-decoration:none;white-space:pre;width:56.73pt"> compared to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:283.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre;width:25.83pt">13.6%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:309.75pt;position:var(--position);text-decoration:none;white-space:pre;width:14.15pt"> in </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:323.9pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:343.9pt;position:var(--position);text-decoration:none;white-space:pre;width:209.47pt">. In 2025 and 2024, state and local income taxes in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:454.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">California and Nebraska comprise the majority of the domestic state and local income taxes, net of federal tax. For the year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:466.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:26.56pt">ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:85.06pt;position:var(--position);text-decoration:none;white-space:pre;width:78.94pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:164pt;position:var(--position);text-decoration:none;white-space:pre;width:389.42pt">, the change from the statutory tax rate to the effective rate was primarily due to a benefit related</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:477.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">to stock option exercises net of non-deductible executive compensation, U.S. Foreign Derived Intangible Income and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:489.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:412.37pt">research and development tax credits partially offset by nondeductible expenses. For the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.87pt;position:var(--position);text-decoration:none;white-space:pre;width:80.1pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.97pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:500.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">the change from the statutory tax rate to the effective rate was primarily due to a benefit related to stock option exercises,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:512.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.98pt">net of non-deductible executive compensation, and U.S. Foreign Derived Intangible Income partially offset by change in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:523.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:82.65pt">valuation allowance.</span></div></div><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Significant components of deferred tax assets and liabilities as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.45pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.95pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.49pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.92pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.92pt;position:var(--position);text-decoration:none;white-space:pre">, were as follows:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:74.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:349.5pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:349.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:349.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:27pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">5,282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,551<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based compensation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:42pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,430<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,501<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net operating loss carryforward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:57pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,409<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">459<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Federal tax credit carry forwards</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:72pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">457<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:87pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">109<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: valuation allowance</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:102pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(321)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:102pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(448)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Total deferred tax assets</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:117pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">9,366<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:117pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">3,063<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized gain on digital assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:146.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(20,656)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:146.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(24,297)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:161.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:161.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(640)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:161.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(511)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:176.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">(61)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:176.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">(34)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Total deferred tax liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:191.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(21,357)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:191.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(24,842)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:206.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Net deferred tax liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:206.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(11,991)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:206.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(21,779)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:312.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:86.87pt">Valuation Allowance</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:335.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.84pt">At each reporting date, management considers new evidence, both positive and negative, that could affect its view of the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:347.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">future realization of deferred tax assets. On the basis of this evaluation, only the portion of the deferred tax asset that is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:358.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">more likely than not to be realized was recognized. However, if the Company is not able to generate sufficient taxable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:370.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">income through the reversal of deferred tax liabilities or from its operations in the future, then a valuation allowance to</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:381.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">reduce the Company’s deferred tax assets may be required, which would increase the Company’s expenses in the period</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:393.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.78pt">the allowance is recognized. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:212.28pt;position:var(--position);text-decoration:none;white-space:pre;width:83.1pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:295.38pt;position:var(--position);text-decoration:none;white-space:pre;width:258.02pt">, the Company’s US net deferred tax liability was primarily</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:404.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">comprised of basis differences in digital assets partially offset by deferred tax assets related to intangible assets, net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:416.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">operating loss carryforwards, tax credit carryforwards and share-based compensation. Reversals of deferred tax liabilities</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:427.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">are available to utilize US deferred tax assets. Based upon the historical cumulative income of its foreign subsidiaries,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:439.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">management does not expect to realize the full benefit of this deferred tax asset before it will expire. A valuation allowance</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10.96pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:48.98pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:118.44pt;position:var(--position);text-decoration:none;white-space:pre;width:19.69pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:138.13pt;position:var(--position);text-decoration:none;white-space:pre;width:48.98pt">$0.4 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:187.11pt;position:var(--position);text-decoration:none;white-space:pre;width:366.33pt"> was reflected against the Company’s gross deferred tax asset balance related to foreign net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:88.25pt">operating losses as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:146.75pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:225.29pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:244.72pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:264.72pt;position:var(--position);text-decoration:none;white-space:pre;width:55.75pt">, respectively.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:483.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">On July 4, 2025, One Big Beautiful Bill Act ("OBBB") was signed into law in the United States. OBBB includes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:495.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">significant changes to U.S. federal tax law, such as an elective deduction for domestic research and experimental</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:506.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">expenditures, and changes to the tax rate on income from non-U.S. sources and subsidiaries. OBBB did not have a material</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:518.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">impact on our current year effective tax rate. The OBBB allowed for the acceleration of deductions in 2025 with a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:529.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:187.02pt">corresponding reduction of deferred tax assets.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:245.52pt;position:var(--position);text-decoration:none;white-space:pre;width:5pt">  </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:551.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.92pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:83.42pt;position:var(--position);text-decoration:none;white-space:pre;width:79.02pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:162.44pt;position:var(--position);text-decoration:none;white-space:pre;width:216.89pt">, Exodus had federal and state net operating losses of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:379.33pt;position:var(--position);text-decoration:none;white-space:pre;width:49.09pt">$5.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.42pt;position:var(--position);text-decoration:none;white-space:pre;width:19.91pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.33pt;position:var(--position);text-decoration:none;white-space:pre;width:49.09pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:497.42pt;position:var(--position);text-decoration:none;white-space:pre;width:55.99pt">, respectively.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:562.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">The federal net operating loss carries forward indefinitely. Generally, California, Nebraska and other U.S. states have a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:574.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:417.92pt">twenty-year carryforward for net operating losses. Exodus had federal R&amp;D tax credit carryforward of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.42pt;position:var(--position);text-decoration:none;white-space:pre;width:49.27pt">$0.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:525.69pt;position:var(--position);text-decoration:none;white-space:pre;width:27.77pt">. If not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:585.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:313.2pt">utilized, the federal R&amp;D credits will expire in in 2045. For the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:371.7pt;position:var(--position);text-decoration:none;white-space:pre;width:80.24pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:451.94pt;position:var(--position);text-decoration:none;white-space:pre;width:101.38pt">, Exodus had foreign net</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:597.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:127.66pt">operating loss carryforwards of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.16pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$2.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:235.01pt;position:var(--position);text-decoration:none;white-space:pre;width:250.07pt"> which, if unused, will expire in various years beginning 2027.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:618.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:55.79pt">Open Periods</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:642.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:387.25pt">Exodus is subject to taxation in the United States, Canada, Netherlands, Italy and Switzerland. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:445.75pt;position:var(--position);text-decoration:none;white-space:pre;width:25.54pt">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.29pt;position:var(--position);text-decoration:none;white-space:pre;width:79.64pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:653.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:283.59pt">tax years 2022 to 2025 are subject to examination by tax authorities.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:342.09pt;position:var(--position);text-decoration:none;white-space:pre;width:128.38pt"> With limited exceptions as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:470.47pt;position:var(--position);text-decoration:none;white-space:pre;width:80.46pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.9300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:479.5pt">Exodus is no longer subject to U.S. federal, state, local or foreign examinations by tax authorities for years before 2022.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:538pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:100.48pt">Uncertain Tax Positions</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:69pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">A reconciliation of unrecognized tax benefits was as follows</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.43pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:92.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:347.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:347.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:347.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance - beginning of period</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">344<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">412<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additions for tax positions of prior years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lapse of statute of limitations</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(344)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(108)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance - end of period</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">344<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:180.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:368.07pt">The liability for uncertain tax position is a component of other long-term liabilities.  As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:426.57pt;position:var(--position);text-decoration:none;white-space:pre;width:79.22pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.79pt;position:var(--position);text-decoration:none;white-space:pre;width:47.55pt">, there were</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:191.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:68.5pt;position:var(--position);text-decoration:none;white-space:pre;width:381.27pt"> unrecognized tax benefits that, if recognized, would affect the annual effective tax rate.  As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:449.77pt;position:var(--position);text-decoration:none;white-space:pre;width:78.62pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:528.39pt;position:var(--position);text-decoration:none;white-space:pre;width:25pt">, there</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:203.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:24.08pt">were </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:82.58pt;position:var(--position);text-decoration:none;white-space:pre;width:51.02pt">$0.3 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:133.6pt;position:var(--position);text-decoration:none;white-space:pre;width:419.79pt"> of unrecognized tax benefits that would affect the effective tax rate if recognized. The Company</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:214.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">recognizes interest and penalties related to unrecognized tax benefits in income tax (benefit) expense. During the year</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:226.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:27.55pt">ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:86.05pt;position:var(--position);text-decoration:none;white-space:pre;width:80.92pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:166.97pt;position:var(--position);text-decoration:none;white-space:pre;width:81.09pt">, the Company did </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.06pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt">not</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:260.83000000000004pt;position:var(--position);text-decoration:none;white-space:pre;width:235.41pt"> recognize interest and penalties. During the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.24pt;position:var(--position);text-decoration:none;white-space:pre;width:57.23pt">December 31,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:237.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:78.5pt;position:var(--position);text-decoration:none;white-space:pre;width:144.56pt">, the Company recognized less than </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:223.06pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$0.1 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre;width:99.58pt"> in interest and penalties.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:259.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Supplemental</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:115.12pt;position:var(--position);text-decoration:none;white-space:pre"> Disclosure of Income Taxes Paid</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:282.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for income taxes consisted of the following:</span></div><div style="position:var(--position);top:305.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:347.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:347.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:347.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:62.17pt;position:var(--position)">4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">5,379<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">The (loss) income before income tax (benefit) expense for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.13pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:436.67pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:456.1pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:476.1pt;position:var(--position);text-decoration:none;white-space:pre">, are as follows:</span><div style="position:var(--position);top:104.9pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(Loss) income before income taxes</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,239)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">130,872<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(413)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(14)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total (loss) income before income taxes</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(20,652)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">130,858<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:359.41pt">The current and deferred tax components of the income tax provision for the years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.91pt;position:var(--position);text-decoration:none;white-space:pre;width:78.7pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:496.61pt;position:var(--position);text-decoration:none;white-space:pre;width:19.59pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:516.2pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:536.2pt;position:var(--position);text-decoration:none;white-space:pre;width:17.27pt">, are</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:201.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:43.57pt">as follows:</span></div><div style="position:var(--position);top:222.65pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current tax expense (benefit)</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Federal</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">455<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:27.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(37)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">State</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">47<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">13<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">502<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:45.21pt"></span></span><span style="left:47.84pt;position:var(--position)">(24)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax (benefit) expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Federal</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(9,446)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:102.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,447<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">State</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(355)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:117.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">477<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:4pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(9,801)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:132.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,924<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total tax (benefit) expense</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">U.S. Federal</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:177.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(8,991)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:177.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,410<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">State</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:192.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:40.21pt"></span></span><span style="left:42.84pt;position:var(--position)">(308)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:192.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">490<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income tax (benefit) expense</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:207.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:27.71pt"></span></span><span style="left:35.34pt;position:var(--position)">(9,299)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:207.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:26.04pt"></span></span><span style="left:33.67pt;position:var(--position)">17,900<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> -20239000 130872000 -413000 -14000 -20652000 130858000 455000 -37000 47000 13000 502000 -24000 -9446000 17447000 -355000 477000 -9801000 17924000 -8991000 17410000 -308000 490000 -9299000 17900000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">The reconciliation of the U.S. federal statutory income tax rate to the Company's effective income tax rate as of </span><div style="font-size:12pt;line-height:10pt;position:var(--position);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:137.04000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:156.47pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:176.47pt;position:var(--position);text-decoration:none;white-space:pre">, was as follows:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:78pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:494.25pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:245.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:50.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:245.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(dollars in thousands)</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);width:124.5pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:124.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.94pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.58pt;position:var(--position);text-decoration:none;white-space:pre">Amount</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:12.75pt;width:50.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.06pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic federal statutory rate</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(4,337)</span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:25.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">21.0%</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:25.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.04pt"></span></span><span style="left:39.67pt;position:var(--position)">27,480<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:25.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">21.0%</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:40.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effect of cross border tax laws:</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:54.75pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign derived intangible income deduction</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:54.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(673)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:54.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">3.3</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:54.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(185)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:54.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:69.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:59.54pt"></span></span><span style="left:62.17pt;position:var(--position)">4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:69.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:69.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:69.75pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:84.75pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax credits:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Research and development tax credits</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:99pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(905)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:99pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">4.4</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:99pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(133)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:99pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.1)</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Nontaxable or nondeductible items:</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:128.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based compensation</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:128.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(10,390)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:128.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:17.31pt;position:var(--position);text-decoration:none;white-space:pre">50.3</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:128.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(11,570)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:128.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(8.8)</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:143.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Non-deductible executive compensation</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:143.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">5,235<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:143.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.98pt;position:var(--position);text-decoration:none;white-space:pre">(25.3)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:143.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,738<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:143.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">1.3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:158.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Lobbying</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:158.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">378<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:158.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(1.8)</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:158.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:158.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:173.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Penalties</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:173.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">519<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:173.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(2.5)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:173.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:173.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:188.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Transaction costs</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:188.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,368<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:188.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(6.6)</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:188.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:188.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:203.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:203.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">36<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:203.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:203.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">17<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:203.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:218.25pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Domestic state and local income tax (benefit) expense - net </span></div><div style="line-height:10pt;position:var(--position);top:15.15pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">of federal (benefit) expense</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:218.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(309)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:218.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">1.5</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:218.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">491<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:218.25pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:15.67pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">0.3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:244.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign tax effects</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:244.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:244.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.5)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:244.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:59.54pt"></span></span><span style="left:62.17pt;position:var(--position)">3<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:244.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:259.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Uncertain tax positions</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:259.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(343)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:259.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:19.81pt;position:var(--position);text-decoration:none;white-space:pre">1.7</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:259.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:259.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:274.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:274.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">18<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:274.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.48pt;position:var(--position);text-decoration:none;white-space:pre">(0.2)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:274.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">59<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:274.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:23.56pt;position:var(--position);text-decoration:none;white-space:pre">*</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:289.5pt;width:245.25pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:245.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Effective tax rate </span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:245.25pt;position:var(--position);top:289.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:41.34pt;position:var(--position)">(9,299)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:319.5pt;position:var(--position);top:289.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">45.0%</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:369.75pt;position:var(--position);top:289.5pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.04pt"></span></span><span style="left:39.67pt;position:var(--position)">17,900<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:444pt;position:var(--position);top:289.5pt;width:50.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:50.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:13.15pt;position:var(--position);text-decoration:none;white-space:pre">13.6%</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:393.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:7.800000000000001pt;font-style:normal;font-weight:normal;left:76.5pt;position:var(--position);text-decoration:none;top:-2.912pt;vertical-align:super;white-space:pre">*</span><span style="font-family:'Times New Roman', serif;font-size:7.800000000000001pt;font-style:normal;font-weight:normal;left:94.5pt;position:var(--position);text-decoration:none;top:-2.912pt;vertical-align:super;white-space:pre">Percentage variances not considered meaningful.</span></div> -4337000 0.210 27480000 0.210 673000 -0.033 185000 0.001 4000 -0.001 0 905000 -0.044 133000 0.001 -10390000 0.503 -11570000 -0.088 5235000 -0.253 1738000 0.013 378000 -0.018 0 519000 -0.025 0 1368000 -0.066 0 36000 -0.002 17000 -309000 0.015 491000 0.003 100000 -0.005 3000 -343000 0.017 0 18000 -0.002 59000 -9299000 0.450 17900000 0.136 -9300000 17900000 0.450 0.136 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Significant components of deferred tax assets and liabilities as of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:318.45pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:320.95pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:399.49pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:418.92pt;position:var(--position);text-decoration:none;white-space:pre">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:438.92pt;position:var(--position);text-decoration:none;white-space:pre">, were as follows:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:74.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:349.5pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:349.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:349.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax assets</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Intangible assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:27pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">5,282<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:27pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,551<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share-based compensation</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:42pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">2,430<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:42pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,501<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Net operating loss carryforward</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:57pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:42.04pt"></span></span><span style="left:44.67pt;position:var(--position)">1,409<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:57pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">459<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Federal tax credit carry forwards</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:72pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">457<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:72pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:87pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:52.17pt;position:var(--position)">109<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:87pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Less: valuation allowance</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:102pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(321)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:102pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(448)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Total deferred tax assets</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:117pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">9,366<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:117pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">3,063<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:14.25pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred tax liabilities</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:146.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Unrealized gain on digital assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:146.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(20,656)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:146.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(24,297)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:161.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Prepaid expenses</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:161.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(640)</span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:161.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(511)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:176.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Fixed assets</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:176.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">(61)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:176.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:51.21pt"></span></span><span style="left:53.84pt;position:var(--position)">(34)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:191.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:7.13pt;position:var(--position);text-decoration:none;white-space:pre">Total deferred tax liabilities</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:191.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(21,357)</span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:191.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:33.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(24,842)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:206.25pt;width:349.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.75pt;width:349.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:14.63pt;position:var(--position);text-decoration:none;white-space:pre">Net deferred tax liabilities</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:349.5pt;position:var(--position);top:206.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(11,991)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:423.75pt;position:var(--position);top:206.25pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:28.71pt"></span></span><span style="left:36.34pt;position:var(--position)">(21,779)</span></span></div></div></div></td></tr></tbody></table></div></div></div> 5282000 1551000 2430000 1501000 1409000 459000 457000 0 109000 0 321000 448000 9366000 3063000 20656000 24297000 640000 511000 61000 34000 21357000 24842000 11991000 21779000 300000 400000 5000000.0 300000 500000 2500000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">A reconciliation of unrecognized tax benefits was as follows</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:300.43pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:92.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:347.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:347.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:347.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance - beginning of period</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">344<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">412<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Additions for tax positions of prior years</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:27.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:57.17pt;position:var(--position)">40<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Lapse of statute of limitations</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(344)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:42.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:46.21pt"></span></span><span style="left:48.84pt;position:var(--position)">(108)</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance - end of period</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:49.54pt"></span></span><span style="left:57.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:57.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:44.54pt"></span></span><span style="left:52.17pt;position:var(--position)">344<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 344000 412000 0 40000 344000 108000 0 344000 0 300000 0 100000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre">Cash paid for income taxes consisted of the following:</span><div style="position:var(--position);top:305.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:492.75pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:347.25pt"></td><td style="padding:0;width:71.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:71.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:347.25pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:347.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);width:71.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.31pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:347.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:347.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:347.25pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:54.54pt"></span></span><span style="left:62.17pt;position:var(--position)">4<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:421.5pt;position:var(--position);top:12.75pt;width:71.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:71.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:37.04pt"></span></span><span style="left:44.67pt;position:var(--position)">5,379<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 4000 5379000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">Commitments and Contingencies</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:76.3pt">Legal Proceedings</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:401.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">The Company is subject to a number of claims and proceedings that generally arise in the ordinary course of business, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:413.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">outcome of which cannot be predicted with certainty. The Company does not believe that the liabilities from such ordinary</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:425.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">course claims and proceedings will have a material adverse effect on the Company’s consolidated financial position, results</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:437.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">of operations or cash flows. If the Company believes the losses are probable and can be reasonably estimated, reserves will</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:449.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">be established. For matters where a reserve has not been established, the ultimate outcome or resolution cannot be predicted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:461.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:495pt">at this time or the amount of ultimate loss, if any, cannot be reasonably estimated. Litigation is subject to many</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.5pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:473.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">uncertainties and there can be no assurance as to the outcome of the individual litigated matters. It is possible that certain of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:485.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">the actions, claims, inquiries or proceedings could be decided unfavorably to the Company or any of its subsidiaries</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:497.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">involved. Accordingly, it is possible that an adverse outcome from such a proceeding could exceed the amount accrued in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:509.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.88pt">an amount that could be material to the Company’s consolidated financial condition, results of operations or cash flows in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:521.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:124.85pt">any particular reporting period.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:545.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:174.03pt">Office of Foreign Assets Control ("OFAC")</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:normal;left:232.53pt;position:var(--position);text-decoration:none;white-space:pre;width:29.69pt"> Matter</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:569.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">As previously disclosed, in December 2018, we received an administrative subpoena issued by OFAC seeking information</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:581.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">regarding potential transactions with individuals in Iran. In response, we conducted a comprehensive review that covered</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:593.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">all countries and territories subject to U.S. trade embargoes administered by OFAC. We submitted a voluntary self-</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:605.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.95pt">disclosure and subpoena response regarding potential violations to OFAC, and took remedial action designed to prevent</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.45pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.96pt">similar activity from occurring in the future. Additionally, in March 2021, we received a second administrative subpoena</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:629.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:153.28pt">issued by OFAC seeking information </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:211.78pt;position:var(--position);text-decoration:none;white-space:pre;width:341.66pt">regarding potential transactions with certain North Korean cyber actors, to which we</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:641.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:384.87pt">responded and was resolved without any separate findings of misconduct or enforcement action.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:443.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:665.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:85.9pt">For the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:144.4pt;position:var(--position);text-decoration:none;white-space:pre;width:82.92pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:227.32pt;position:var(--position);text-decoration:none;white-space:pre;width:326.14pt">, we reached a settlement agreement with OFAC to fully resolve the matter</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:677.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:447.38pt">regarding individuals in Iran. Under the terms of the agreement, we agreed to pay a civil monetary penalty of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:505.88pt;position:var(--position);text-decoration:none;white-space:pre;width:45pt">$2,473,360</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:550.88pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:689.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:110.33pt">and to invest an additional </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:168.82999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:37.5pt">$630,000</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.33pt;position:var(--position);text-decoration:none;white-space:pre;width:347.05pt"> in sanctions compliance controls. In November 2025, the civil monetary penalty was</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.38pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:701.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">paid in full. The settlement does not constitute an admission of liability or admission of willful or intentional wrongdoing</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:471.13pt">by the Company and reflects the Company’s full cooperation and remedial actions taken throughout the investigation.</span> 2473360 630000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">Fair Value Measurements</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:71.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:263.86pt">The Company’s financial assets are summarized below as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.36pt;position:var(--position);text-decoration:none;white-space:pre;width:82.86pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.22pt;position:var(--position);text-decoration:none;white-space:pre;width:23.75pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.97pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.97pt;position:var(--position);text-decoration:none;white-space:pre;width:104.39pt">, with fair values shown</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.84pt">according to the fair value hierarchy:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:225pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:42pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:225pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:33.23pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.86pt;position:var(--position);text-decoration:none;white-space:pre">Carrying</span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.54pt;position:var(--position);text-decoration:none;white-space:pre">Quoted Prices</span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.36pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);text-decoration:none;white-space:pre">Significant Other</span></div><div style="line-height:8pt;position:var(--position);top:14.27pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">Observable </span></div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.52pt;position:var(--position);text-decoration:none;white-space:pre">Inputs </span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.08pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.2pt;position:var(--position);text-decoration:none;white-space:pre">Significant </span></div><div style="line-height:8pt;position:var(--position);top:14.27pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.09pt;position:var(--position);text-decoration:none;white-space:pre">Unobservable </span></div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.52pt;position:var(--position);text-decoration:none;white-space:pre">Inputs </span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.07pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">149,164<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">149,164<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,633<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,633<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,552<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,552<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other investments </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">700<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity security</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">244<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">244<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other digital assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">98<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">98<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:56.17pt;position:var(--position)">7<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:56.17pt;position:var(--position)">7<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:162pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">157,398<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.07pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">181,238<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">181,238<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury bills</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">31,162<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">31,162<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:222pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">25,514<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">25,514<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">8,847<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">8,847<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">4,628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">4,628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:267pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other digital assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:282pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other investment </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:74.21pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:297pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">253,135<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:7.800000000000001pt;font-style:normal;font-weight:normal;text-decoration:none;vertical-align:super;white-space:pre"><span style="left:76.5pt;position:var(--position);top:-2.912pt;width:9.08pt">(1)<span style="display:inline-block;height:5.408pt;width:26.92pt"></span></span><span style="left:112.5pt;position:var(--position);top:-2.912pt;width:122.47pt">These investments are recorded at cost.</span></span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:450.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:251.72pt">The Company invests in held to maturity treasury bills. As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:310.22pt;position:var(--position);text-decoration:none;white-space:pre;width:79.3pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:389.52pt;position:var(--position);text-decoration:none;white-space:pre;width:82.28pt">, the Company held </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.8pt;position:var(--position);text-decoration:none;white-space:pre;width:10pt">no</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:481.8pt;position:var(--position);text-decoration:none;white-space:pre;width:71.63pt"> treasury bills. As</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:462.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:11.05pt">of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:69.55pt;position:var(--position);text-decoration:none;white-space:pre;width:78.98pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:148.53pt;position:var(--position);text-decoration:none;white-space:pre;width:404.94pt">, the Company held treasury bills with a maturity of greater than three months in other current assets</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:474.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:70.07pt">in the amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.57pt;position:var(--position);text-decoration:none;white-space:pre;width:54.3pt">$30.5 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:182.87pt;position:var(--position);text-decoration:none;white-space:pre;width:370.6pt">, and the Company held treasury bills with a maturity of less than three months in cash and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:486.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:136.51pt">cash equivalents in the amount of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:195.01pt;position:var(--position);text-decoration:none;white-space:pre;width:48.85pt">$0.7 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:243.86pt;position:var(--position);text-decoration:none;white-space:pre;width:132.36pt">. The discount rates ranged from </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:376.22pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">1.1%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:397.05pt;position:var(--position);text-decoration:none;white-space:pre;width:12.77pt"> to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:409.82pt;position:var(--position);text-decoration:none;white-space:pre;width:20.83pt">2.4%</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:430.65pt;position:var(--position);text-decoration:none;white-space:pre;width:24.15pt"> as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:454.8pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:533.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt">.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:510.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:italic;font-weight:bold;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:265.62pt">Assets and Liabilities Not Measured and Recorded at Fair Value</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:532.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.85pt">The Company’s financial instruments, including USDC, are carried at cost, which approximates their fair value. If these</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:543.8pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">financial instruments were recorded at fair value, they would be based on Level 1 inputs. The Company also holds notes</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:555.3pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:342.81pt">receivable that are recorded at amortized costs which approximates their fair value. </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:401.31pt;position:var(--position);text-decoration:none;white-space:pre;width:152.17pt">The fair value of these instruments is</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:463.27pt">not readily determinable due to their non-marketable nature and is therefore not included in the fair value hierarchy.</span> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:263.86pt">The Company’s financial assets are summarized below as of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:322.36pt;position:var(--position);text-decoration:none;white-space:pre;width:82.86pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:405.22pt;position:var(--position);text-decoration:none;white-space:pre;width:23.75pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:428.97pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:448.97pt;position:var(--position);text-decoration:none;white-space:pre;width:104.39pt">, with fair values shown</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:83.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:147.84pt">according to the fair value hierarchy:</span></div><div style="position:var(--position);text-align:justify;text-align-last:var(--justify);top:107.4pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:225pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:42pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:225pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:33.23pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:45.98pt">(in thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.86pt;position:var(--position);text-decoration:none;white-space:pre">Carrying</span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:22.63pt;position:var(--position);text-decoration:none;white-space:pre">Value</span></div></div></div></td><td style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.54pt;position:var(--position);text-decoration:none;white-space:pre">Quoted Prices</span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Level 1</span></div></div></div></td><td style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:4.36pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.99pt;position:var(--position);text-decoration:none;white-space:pre">Significant Other</span></div><div style="line-height:8pt;position:var(--position);top:14.27pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:13.08pt;position:var(--position);text-decoration:none;white-space:pre">Observable </span></div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.52pt;position:var(--position);text-decoration:none;white-space:pre">Inputs </span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Level 2</span></div></div></div></td><td style="border-bottom:0.5pt solid #ffffff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:5.08pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:14.2pt;position:var(--position);text-decoration:none;white-space:pre">Significant </span></div><div style="line-height:8pt;position:var(--position);top:14.27pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.09pt;position:var(--position);text-decoration:none;white-space:pre">Unobservable </span></div><div style="line-height:8pt;position:var(--position);top:23.46pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:21.52pt;position:var(--position);text-decoration:none;white-space:pre">Inputs </span></div><div style="line-height:8pt;position:var(--position);top:33.37pt;width:65.25pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:20.3pt;position:var(--position);text-decoration:none;white-space:pre">Level 3</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.07pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:0.5pt solid #ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">149,164<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">149,164<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:57pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,633<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">5,633<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:87pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,552<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,552<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:87pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other investments </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:78.1pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">700<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:102pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:117pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Equity security</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">244<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">244<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:117pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other digital assets</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">98<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">98<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:132pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:147pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:56.17pt;position:var(--position)">7<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:53.54pt"></span></span><span style="left:56.17pt;position:var(--position)">7<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:147pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:162pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:162pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">157,398<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:177pt;width:225pt"><div><div style="font-size:12pt;line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">As of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:27.07pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2024</span></div></div></div></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:192pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Bitcoin</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">181,238<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">181,238<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:192pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:207pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Treasury bills</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">31,162<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">31,162<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:207pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:222pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">25,514<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">25,514<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:222pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Ether</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">8,847<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">8,847<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:237pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Solana</span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">4,628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">4,628<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:252pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:267pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other digital assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">1,646<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:267pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:282pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other investment </span><span style="font-family:'Times New Roman', serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:74.21pt;position:var(--position);text-decoration:none;top:-2.4254999999999995pt;vertical-align:super;white-space:pre">(1)</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:43.54pt"></span></span><span style="left:46.17pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:293.25pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:282pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:48.54pt"></span></span><span style="left:51.17pt;position:var(--position)">—<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:297pt;width:225pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:225pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:225pt;position:var(--position);top:297pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:21.04pt"></span></span><span style="left:28.669999999999998pt;position:var(--position)">253,135<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:12pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:424.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:7.800000000000001pt;font-style:normal;font-weight:normal;text-decoration:none;vertical-align:super;white-space:pre"><span style="left:76.5pt;position:var(--position);top:-2.912pt;width:9.08pt">(1)<span style="display:inline-block;height:5.408pt;width:26.92pt"></span></span><span style="left:112.5pt;position:var(--position);top:-2.912pt;width:122.47pt">These investments are recorded at cost.</span></span></div> 149164000 149164000 5633000 5633000 1552000 1552000 700000 244000 244000 98000 98000 7000 7000 157398000 181238000 181238000 31162000 31162000 25514000 25514000 8847000 8847000 4628000 4628000 1646000 1646000 100000 253135000 0 30500000 700000 0.011 0.024 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">(Loss) Earnings Per Share</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:66.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">The following table sets forth the computation of basic and diluted net (loss) income per share of common stock for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:78pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.94pt">years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.44pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.98pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.41pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.41pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:99.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:131.93pt">(in thousands, except per share amounts)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic net (loss) income per share:</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Numerator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income, basic and diluted</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(11,353)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">112,958</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Denominator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);text-decoration:none;white-space:pre">in per share computation - Class A</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,515<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,371</span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);text-decoration:none;white-space:pre">in per share computation - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">19,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">20,925</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic net (loss) income per share - Class A</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:125.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:125.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">4.30</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic net (loss) income per share - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">4.30</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:155.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted net (loss) income per share:</span></div></div></div></td><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:170.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Denominator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used in </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.13pt;position:var(--position);text-decoration:none;white-space:pre">diluted computation - Class A</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:185.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">9,515</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:185.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">9,051</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:211.5pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used in </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.13pt;position:var(--position);text-decoration:none;white-space:pre">diluted computation - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:211.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">19,492</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:211.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">23,012</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted net (loss) income per share - Class A</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">3.52</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted net (loss) income per share - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:252.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:252.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">3.52</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">Diluted (loss) earnings per share includes the dilutive effect of common stock equivalents and is computed using the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:388.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">weighted-average number of common stock and common stock equivalents outstanding during the reporting period.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:400.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:214.02pt">Diluted (loss) earnings per share for the year ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:272.52pt;position:var(--position);text-decoration:none;white-space:pre;width:80.04pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:352.56pt;position:var(--position);text-decoration:none;white-space:pre;width:200.92pt"> excluded common stock equivalents because the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:411.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:369.28pt">effect of their inclusion would be anti-dilutive or would decrease the reported loss per share.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:433.25pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:397pt">The following table sets forth securities outstanding that could potentially dilute the calculation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.96pt"> of diluted earnings per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.85pt">share:</span></div><div style="position:var(--position);top:466.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:396pt"></td><td style="padding:0;width:99pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:396pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);width:99pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs outstanding </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:12.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:69.79pt"></span></span><span style="left:72.42pt;position:var(--position)">2,543<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock options outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:27.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:77.29pt"></span></span><span style="left:79.92pt;position:var(--position)">545<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrants</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:42.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:77.29pt"></span></span><span style="left:79.92pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of anti-dilutive shares</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:57.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:69.79pt"></span></span><span style="left:72.42pt;position:var(--position)">3,188<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">The following table sets forth the computation of basic and diluted net (loss) income per share of common stock for the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:78pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:49.94pt">years ended </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:108.44pt;position:var(--position);text-decoration:none;white-space:pre;width:78.54pt">December 31, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:186.98pt;position:var(--position);text-decoration:none;white-space:pre;width:19.43pt"> and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:206.41pt;position:var(--position);text-decoration:none;white-space:pre;width:20pt">2024</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:226.41pt;position:var(--position);text-decoration:none;white-space:pre;width:2.77pt">:</span></div><div style="position:var(--position);top:99.5pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:361.5pt"></td><td style="padding:0;width:65.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:65.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:361.5pt"><div><div style="line-height:8pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:3.98pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre;width:131.93pt">(in thousands, except per share amounts)</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);width:65.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.93pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.62pt;position:var(--position);text-decoration:none;white-space:pre">2024</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic net (loss) income per share:</span></div></div></div></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Numerator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20pt;position:var(--position);text-decoration:none;white-space:pre">Net (loss) income, basic and diluted</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:22.71pt"></span></span><span style="left:30.34pt;position:var(--position)">(11,353)</span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:42.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:24.37pt"></span></span><span style="left:32pt;position:var(--position)">112,958</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Denominator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:72.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);text-decoration:none;white-space:pre">in per share computation - Class A</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:36.04pt"></span></span><span style="left:38.67pt;position:var(--position)">9,515<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:72.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:42pt;position:var(--position)">5,371</span></span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:99pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:20.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:25.13pt;position:var(--position);text-decoration:none;white-space:pre">in per share computation - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:31.04pt"></span></span><span style="left:33.67pt;position:var(--position)">19,492<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:99pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:34.37pt"></span></span><span style="left:37pt;position:var(--position)">20,925</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:125.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic net (loss) income per share - Class A</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:125.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:125.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">4.30</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:140.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic net (loss) income per share - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:140.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">4.30</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:155.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted net (loss) income per share:</span></div></div></div></td><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:170.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:10pt;position:var(--position);text-decoration:none;white-space:pre">Denominator</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:26.25pt"><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:185.25pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used in </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.13pt;position:var(--position);text-decoration:none;white-space:pre">diluted computation - Class A</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:185.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">9,515</span></div></div></div></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:185.25pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:40.12pt;position:var(--position);text-decoration:none;white-space:pre">9,051</span></div></div></div></td></tr><tr style="height:26.25pt"><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:211.5pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:3.96pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:11.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted-average number of shares used in </span></div><div style="line-height:10pt;position:var(--position);top:15.46pt;width:361.5pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:16.13pt;position:var(--position);text-decoration:none;white-space:pre">diluted computation - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:211.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">19,492</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:211.5pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:9.71pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:35.12pt;position:var(--position);text-decoration:none;white-space:pre">23,012</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:237.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted net (loss) income per share - Class A</span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#cff0fc;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:237.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">3.52</span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:252.75pt;width:361.5pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:361.5pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted net (loss) income per share - Class B</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:361.5pt;position:var(--position);top:252.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:32.71pt"></span></span><span style="left:40.34pt;position:var(--position)">(0.39)</span></span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:2pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:429.75pt;position:var(--position);top:252.75pt;width:65.25pt"><div><div style="line-height:10pt;position:var(--position);top:4.08pt;width:65.25pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:6.93pt;width:39.37pt"></span></span><span style="left:47pt;position:var(--position)">3.52</span></span></div></div></div></td></tr></tbody></table></div></div></div> -11353000 112958000 9515000 5371000 19492000 20925000 -0.39 4.30 -0.39 4.30 9515000 9051000 19492000 23012000 -0.39 3.52 -0.39 3.52 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:397pt">The following table sets forth securities outstanding that could potentially dilute the calculation</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:455.5pt;position:var(--position);text-decoration:none;white-space:pre;width:97.96pt"> of diluted earnings per</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.46pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:444.75pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:23.85pt">share:</span></div><div style="position:var(--position);top:466.25pt;width:612pt"><div style="font-size:0pt;left:58.5pt;position:var(--position);width:495pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:396pt"></td><td style="padding:0;width:99pt"></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:396pt"><div><div style="line-height:8pt;position:var(--position);top:3.98pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:italic;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(In thousands)</span></div></div></div></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);width:99pt"><div><div style="line-height:8pt;position:var(--position);top:4.12pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:8pt;font-style:normal;font-weight:bold;left:17.19pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">RSUs outstanding </span></div></div></div></td><td style="background-color:#cceeff;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:12.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:69.79pt"></span></span><span style="left:72.42pt;position:var(--position)">2,543<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:27.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock options outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:27.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:77.29pt"></span></span><span style="left:79.92pt;position:var(--position)">545<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:42.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Warrants</span></div></div></div></td><td style="background-color:#cceeff;border-bottom:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:42.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:77.29pt"></span></span><span style="left:79.92pt;position:var(--position)">100<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:15pt"><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:396pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:396pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:8.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of anti-dilutive shares</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:2pt solid #000;border-top:1pt solid #000;font-size:0;text-align:left;vertical-align:top"><div style="left:396pt;position:var(--position);top:57.75pt;width:99pt"><div><div style="line-height:10pt;position:var(--position);top:4.42pt;width:99pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:6.93pt;width:69.79pt"></span></span><span style="left:72.42pt;position:var(--position)">3,188<span style="display:inline-block;height:6.93pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 2543000 545000 100000 3188000 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">Variable Interest Entity</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:583.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.83pt">In November 2025, the Company entered into a definitive agreement to acquire W3C. W3C is a Delaware corporation that</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3299999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:594.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">serves as a holding company for Monavate Holdings Limited ("Monavate") and Baanx.com Ltd. ("Baanx"), and their</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:606.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">respective subsidiaries (collectively, the "W3C Group"). As of December 31, 2025, W3C owns and operates Monavate and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:617.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.89pt">Baanx businesses and the acquisition of the W3C Group has not closed. In connection with the proposed acquisition, the</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:629.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:75.81pt">Company entered </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:134.31pt;position:var(--position);text-decoration:none;white-space:pre;width:19.96pt">three</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:154.26999999999998pt;position:var(--position);text-decoration:none;white-space:pre;width:317.11pt"> financing arrangements with W3C consisting of: (i) a term loan facility of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:471.38pt;position:var(--position);text-decoration:none;white-space:pre;width:55.13pt">$60.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:526.51pt;position:var(--position);text-decoration:none;white-space:pre;width:26.96pt">; (ii) a</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:640.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:142.16pt">delayed draw term loan facility of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:200.66pt;position:var(--position);text-decoration:none;white-space:pre;width:54.52pt">$10.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:255.18pt;position:var(--position);text-decoration:none;white-space:pre;width:151.32pt"> and (iii) a seller promissory note of </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:406.5pt;position:var(--position);text-decoration:none;white-space:pre;width:54.52pt">$10.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:461.02pt;position:var(--position);text-decoration:none;white-space:pre;width:92.32pt">. For further details on</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3399999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:652.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:251.72pt">these arrangements, refer to "Note 5 – Loans Receivable, Net".</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:673.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.82pt">We concluded that W3C is a variable interest entity. The Company evaluated whether it is the primary beneficiary of W3C,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.3199999999999pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:685.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">as aligned with the procedures described in "Note 2 – Summary of Significant Accounting Policies", and concluded that it</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:696.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">is not the primary beneficiary as it does not have the power to direct the activities that most significantly impact W3C’s</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:708.4pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:450.82pt">economic performance. Therefore, W3C is not consolidated in the Company’s consolidated financial statements.</span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:45pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:199.12pt">The Company's maximum exposure to loss was </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:257.62pt;position:var(--position);text-decoration:none;white-space:pre;width:54.72pt">$81.0 million</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:312.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre;width:241.14pt"> and represents the carrying values of loan receivables and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.48pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:56.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">related capitalized and accrued interest recorded in the Company's consolidated balance sheets as of December 31, 2025.</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:68pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">The Company does not have any contractual requirement to provide additional financial support to W3C beyond amounts</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:79.5pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.97pt">currently funded and has not provided any financial support to W3C during the year ended December 31, 2025, other than</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.47pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:91pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:184.22pt">amounts advanced under the loan agreements.</span></div> 3 60000000.0 10000000.0 10000000.0 81000000.0 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:73.5pt;position:var(--position);text-decoration:underline;white-space:pre">Segment Reporting</span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:138.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:77.1pt">The Company has </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:135.6pt;position:var(--position);text-decoration:none;white-space:pre;width:14.43pt">one</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:150.03pt;position:var(--position);text-decoration:none;white-space:pre;width:403.46pt"> reportable segment: revenues. Factors that management used to identify the Company’s reportable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:150.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.9pt">segment include the Company’s integrated business model, shared customer base, centralized corporate functions, and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:162.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.86pt">uniform service offerings in determining that the business operates as a single segment. A description of the types of</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.36pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:174.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.87pt">products and services from which the reportable segment derives its revenues as well as the accounting policies applicable</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:186.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.99pt">to the reportable segment can be found in "Note 2 – Summary of Significant Accounting Policies". Entity-wide information</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.49pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:198.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.92pt">can be found in "Note 3 – Revenue Recognition". The chief operating decision maker, who is the chief executive officer,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4200000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:210.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:287.77pt">assesses the performance of the Company using consolidated net (loss) </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:346.27pt;position:var(--position);text-decoration:none;white-space:pre;width:207.12pt">income for the reportable segment and decides how</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:222.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">to allocate resources based on revenues, technology, development and user support, general and administrative expenses,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:234.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:93.12pt">and net (loss) income</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:151.62pt;position:var(--position);text-decoration:none;white-space:pre;width:401.79pt"> which are reported under identical captions in the consolidated statements of operations and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:246.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.93pt">comprehensive (loss) income. No additional measures of segment assets, profit, or loss are used in internal management</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:258.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.91pt">reporting. The Company does not have intra-entity sales or material intra-entity transfers for consideration in the segment</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4100000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:270.9pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:494.94pt">analysis. Information about reported segment revenue and profit as well as significant segment expenses can be found in</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.44pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:303.81pt">the consolidated statements of operations and comprehensive (loss) income.</span> 1 false false false <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:15.15pt">On </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:73.65pt;position:var(--position);text-decoration:none;white-space:pre;width:79.4pt">December 12, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.05pt;position:var(--position);text-decoration:none;white-space:pre;width:5.43pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:158.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:72.27pt">Daniel Castagnoli</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:230.75pt;position:var(--position);text-decoration:none;white-space:pre;width:5.43pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:236.18pt;position:var(--position);text-decoration:none;white-space:pre;width:37.18pt">President</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:273.36pt;position:var(--position);text-decoration:none;white-space:pre;width:112.62pt">, 3ZERO, of the Company, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:385.98pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:417.61pt;position:var(--position);text-decoration:none;white-space:pre;width:135.76pt"> a trading plan intended to satisfy</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.37pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:319.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:222.85pt">Rule 10b5-1(c) under the Exchange Act to sell up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.35pt;position:var(--position);text-decoration:none;white-space:pre;width:32.5pt">394,376</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:313.85pt;position:var(--position);text-decoration:none;white-space:pre;width:239.5pt"> shares of the Company’s common stock between June 1,</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.35pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:331.65pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:39.43pt">2026 and </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:97.93pt;position:var(--position);text-decoration:none;white-space:pre;width:55.82pt">June 30, 2027</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:153.75pt;position:var(--position);text-decoration:none;white-space:pre;width:119.85pt">, subject to certain conditions.</span></div> December 12, 2025 Daniel Castagnoli President true 394376 June 30, 2027 <span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:15.96pt">On </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:74.46000000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:81.02pt">December 13, 2025</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:155.48000000000002pt;position:var(--position);text-decoration:none;white-space:pre;width:6.24pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:161.72pt;position:var(--position);text-decoration:none;white-space:pre;width:80.45pt">Margaret E. Knight</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:242.17pt;position:var(--position);text-decoration:none;white-space:pre;width:6.24pt">, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:248.41pt;position:var(--position);text-decoration:none;white-space:pre;width:33.28pt">Director</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:281.69pt;position:var(--position);text-decoration:none;white-space:pre;width:76.85pt"> of the Company, </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:358.54pt;position:var(--position);text-decoration:none;white-space:pre;width:31.63pt">adopted</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:390.17pt;position:var(--position);text-decoration:none;white-space:pre;width:163.22pt"> a trading plan intended to satisfy Rule</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.39pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:377.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:198.37pt">10b5-1(c) under the Exchange Act to sell up to </span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:256.87pt;position:var(--position);text-decoration:none;white-space:pre;width:15pt">945</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:271.87pt;position:var(--position);text-decoration:none;white-space:pre;width:281.56pt"> shares of the Company’s common stock between April 1, 2026 and</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:553.4300000000001pt;position:var(--position);text-decoration:none;white-space:pre;width:2.5pt"> </span></div><div style="font-size:12pt;line-height:10pt;position:var(--position);text-align:justify;text-align-last:var(--justify);top:389.15pt;width:612pt"><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:58.5pt;position:var(--position);text-decoration:none;white-space:pre;width:69.68pt">October 31, 2026</span><span style="font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:128.18pt;position:var(--position);text-decoration:none;white-space:pre;width:119.85pt">, subject to certain conditions.</span></div> December 13, 2025 Margaret E. Knight Director true 945 October 31, 2026 true See "Note 6 - Intangible Assets”